Nvidia falls 6 straight weeks, down $1.9T from peak; trader shorts CFO-turned-CEO firms
KyeGomezB · x · 2026-11-16
Nvidia ($NVDA) has declined for 6 consecutive weeks, matching its second-longest weekly losing streak on record, down -31% to its lowest since July 2025. Since its October peak it has lost -$1.9 trillion in market value to $3.9T; YTD it's -12%, badly lagging the S&P 500 (+10%) and Nasdaq 100 (+11%). Comparable streaks occurred only in 2002 post-dot-com and 2012; the record 7-week slide (-53%) came in the 2008 crisis. Reacting to the news, Kye Gomez quipped that shorting any company that promotes its CFO to CEO is "basically free money" — it never ends well historically.
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