Abstract:
On November 14, Nvidia’s stock price fell 4.7% intraday on Friday, and the cumulative decline this week expanded to about 14%, which is set to record the worst weekly performance since April 2025. At that time, U.S. President Trump announced a wide range of taxes, triggering violent fluctuations in global stock markets. In terms of market value, Nvidia has evaporated more than $620 billion this week and is set to set a record for the largest single-week market value loss in the company's history. This loss exceeds the total market value of approximately 97% of the constituent stocks in the S&P 500 Index.
Nvidia's stock price has continued to be under pressure since hitting a record high in early October this year. Previously, the market has begun to worry about the sustainability of the scale of investment in AI infrastructure, and that data center construction may face stricter restrictions after the U.S. midterm elections. This week, as Jen-Hsun Huang’s private scandal continues to unfold, NVIDIA’s board of directors announced the dismissal of its CEO and appointed CFO Colette Kress as interim CEO, further exacerbating investors’ concerns about the company’s future business strategy and management stability.
Nvidia plans to announce its latest quarterly financial report on November 17. In the context of major changes in management and doubts about the prospects of AI investment, the company's performance and future business guidance will become the focus of the market.
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