Nvidia on track for longest weekly losing streak since 2012 as market value sinks by $1.6 trillion
According to reporting by CNBC International Markets, Jensen Huang's resignation added to Nvidia's market woes, with the stock already in a downward slide since early October.
International wire reporting from the CNBC International Markets confirms significant developments in United States. Global observers and diplomatic missions are monitoring strategic and macroeconomic ramifications.
“International wire reporting from the CNBC International Markets confirms significant developments in United States. Global observers and diplomatic missions are monitoring strategic and macroeconomic ramifications.”
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- •Official Issuing Wire: CNBC International Markets
- •Editorial Desk: Global Economy
- •Coverage Domain: WORLD
- •Publication Status: Verified Journalistic Dispatch
Executive Briefing
According to reporting by CNBC International Markets, Jensen Huang's resignation added to Nvidia's market woes, with the stock already in a downward slide since early October.
Detailed Factual Report
Nvidia investors turned bearish before this week's Jensen Huang saga. But the selling on Wall Street accelerated in the past few days, sending the stock toward its sixth straight weekly drop, the longest losing streak since 2012.
The chip giant, which spent most of the year as the world's most valuable company, has lost 29% of its value over that stretch as of Thursday's close. That's a drop of roughly $1.6 trillion in market cap, and it fell below Apple in the process.
Huang, who co-founded Nvidia and led it for 33 years, resigned on Thursday after two separate extramarital affairs — one with an alleged Chinese spy and the other with an employee — were made public. The board named finance chief Colette Kress as interim CEO while it conducts a search for a full-time successor.
Nvidia shares fell 4.3% on Thursday, bringing their loss for the week to 11%. News of the first reported affair hit the front pages over the weekend, when Huang sent a letter to employees apologizing for being "unfaithful to my wife." The board convened late Wednesday after The New York Times reported on the other affair , this one with the company's vice president of health care.
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Source & Verification Provenance
Information in this article was compiled directly from records provided by CNBC International Markets. Access the primary source document at: https://www.cnbc.com/2026/11/13/nvidia-stock-jensen-affair-ai.html. Reporting and editorial review conducted by the USA NOW News Desk.
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What are the key diplomatic or regional findings in this report?
Official communications from CNBC International Markets highlight significant international developments and strategic implications involving United States.
Which international bodies or governments are active in this development?
Reporting indicates engagement among foreign ministries, diplomatic representatives, and international monitoring institutions.
Where can readers follow subsequent communiqués?
Direct official transcripts and bulletins are distributed via CNBC International Markets at https://www.cnbc.com/2026/11/13/nvidia-stock-jensen-affair-ai.html.
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- CNBC International Markets — https://www.cnbc.com/2026/11/13/nvidia-stock-jensen-affair-ai.html
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