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Nvidia Weekly Loss Streak
Nvidia shares are heading for a sixth consecutive weekly loss—their longest losing streak since 2012—after falling 11% over the week and 4.3% on Thursday. The company has lost about 29% of its value, or roughly $1.6 trillion, amid selling pressure and concerns about the expansion of artificial intelligence. The decline accelerated after founder and CEO Jensen Huang resigned. The board appointed CFO Colette Kress as interim CEO, while an analyst cut the stock’s price target from $300 to $200 and maintained a buy rating.
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