Nvidia Suffers Record Six-Week Losing Streak as $573 Billion Evaporates

WASHINGTON, Nov 13 (OPA) — Nvidia wiped out $573 billion in market capitalization this week during its sixth consecutive week of stock declines. The sharp pullback reflects a broader reassessment of artificial intelligence valuations across Wall Street, hitting the bellwether chipmaker harder than most of its mega-cap peers.

Market analysts note that the persistent selling pressure has broken technical supports that held firm throughout the previous two years of rapid expansion. Trading volumes spiked during the downturn as institutional investors adjusted positions ahead of upcoming macroeconomic data releases and sector earnings reports.

The unprecedented six-week skid mirrors market corrections last observed in 2012, long before the generative artificial intelligence boom propelled Nvidia into the upper echelon of global publicly traded corporations. Despite the steep valuation adjustment, the company remains a dominant force in the semiconductor and graphics processing unit sectors.

Market participants are closely monitoring upcoming Federal Reserve statements and treasury yields to gauge whether equity markets will stabilize or face further downward momentum. Further trading sessions will determine if institutional support materializes near these lower valuation thresholds.