# Nvidia Heads for Sixth Weekly Loss as Market Cap Sheds $1.6 Trillion

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/56377
Published: 2026-11-13T06:04:20.000Z
Updated: 2026-11-13T06:04:20.000Z
Section: Investing

> Shares are down 11% through Thursday’s close, and Nvidia’s market capitalization has fallen below Apple’s. CEO Jensen Huang resigned Thursday, and the board named CFO Colette Kress interim CEO.

Nvidia shares are on pace for a sixth straight weekly loss, down 11% through Thursday’s close as an October selloff erased about $1.6 trillion from the company’s market capitalization.

After falling 4.3% Thursday, the shares were tracking toward their longest run of weekly declines since 2012. From the start of the slide in early October through Thursday’s close, they had lost about 29%. Nvidia’s market capitalization also fell below Apple’s over that period.

Huang resigned Thursday, and the board named CFO Colette Kress interim CEO while it searches for a permanent successor.

The decline has coincided with broader pressure on AI stocks. Investors have weighed concerns that higher interest rates could hurt debt-heavy companies, while Nvidia’s large customers, including neoclouds, rely on debt markets. Last week, Nvidia shares fell about 9%, with much of that decline following the midterm elections and the passage of ballot measures that could slow AI development.

Nvidia is scheduled to report quarterly results Tuesday. Analysts project revenue of $108.9 billion, up 91% from a year earlier.