Nvidia shares have fallen for a sixth consecutive week, the longest such streak since 2012. The company has lost approximately $1.6 trillion in value and now sits below Apple. Earnings on November 17 could show whether the slide continues.
Nvidia's shares posted a sixth consecutive weekly decline, the longest such streak since 2012. The chipmaker's value has dropped by approximately $1.6 trillion, according to the source.
As a result, Nvidia now ranks below Apple in overall market capitalization.
The decline reflects ongoing investor concerns about the sustainability of Nvidia's growth. Those concerns come amid heightened scrutiny of CEO Jensen Huang's leadership and a broader reevaluation of AI infrastructure spending. Prediction markets tied to the company's stock price have also moved recently.
Next, earnings reports on November 17 could give more clarity on Nvidia's financial health and growth prospects. Changes in AI-capex guidance from major tech companies such as Microsoft or Amazon could also shift market perceptions. In addition, policy developments on U.S. export controls for Nvidia products may influence future pricing.
Source: Crypto Briefing
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