Nvidia's Worst Week: A $570 Billion Loss and the Most Cautious Analysts in 3 Years
Nvidia’s stock suffered its sharpest weekly decline in more than a year and a half—since April 2025, when U.S. President Donald Trump announced sweeping trade tariffs. From November 9 to 13, amid a scandal involving extramarital affairs and the subsequent firing of Jensen Huang, the company’s stock fell by nearly 13%. According to Bloomberg data, the weekly loss in market capitalization—about $570 billion—was the largest in Nvidia’s history.
Shares of the world's most valuable chipmaker have been under pressure since early October, when they reached an all-time high. Even before investors learned about Huang’s affairs, they were concerned about the sustainability of spending on artificial intelligence infrastructure. Those concerns intensified after the U.S. midterm elections, in which voters backed Democrats who had promised to counter the rapid expansion of the data center network.
Against this backdrop, Wall Street is gradually adopting a wait-and-see stance regarding Nvidia’s prospects. According to Bloomberg, at least 13 analysts covering the chipmaker’s stock have downgraded their ratings this month, with most doing so this week. The company’s stock now has 15 “hold” recommendations—the highest number since 2023. However, 66 analysts still recommend buying Nvidia shares, and only one suggests selling.
One of the investment firms that abandoned its “bullish” stance this week is Truist Securities. A team of analysts led by William Stein warned that Huang’s departure could damage Nvidia’s corporate culture, and that if its cutting-edge chips were to fall into China’s hands, it could negatively impact the company’s future performance. “Nvidia’s investment risks are becoming too high for us to forecast revenue or earnings with sufficient confidence to maintain a buy recommendation,” the analysts wrote.
As new details of the scandal emerge, Nvidia's stock may remain under pressure, according to Bloomberg. Huang has agreed to testify under oath before Congress by Thanksgiving, November 26. And on November 17, the company will release its quarterly earnings report.
This news story is being updated.
This article was AI-translated and verified by a human editor
