Nvidia shares post longest losing streak in 14 years: $657 billion wiped from market cap

Nvidia shares declined for a sixth consecutive week, marking the longest losing streak in 14 years. The company's market value fell by $657 billion this week. This decline reflects investors' concerns about the company's future. Nvidia had recently gained significant value due to its leading position in AI chips, but the selling pressure over the past six weeks has led to a substantial erosion in market value. Analysts note that such a losing streak is rare and underscores a shift in investor sentiment. The $657 billion loss in market value stands out as an indication of the sharp volatility in Nvidia's share price. In the coming period, the company's fundamental performance and developments in AI demand will shape the uncertainty surrounding the stock. Investors are closely watching whether the losing streak will end and whether Nvidia will show signs of recovery. Not investment advice.