$NVDA closed at $162.85 — down 2% on the day, 13% for the week. Six straight weeks of declines, the longest losing streak since 2012. Market cap now sits near $3.9 trillion. From the early-October peak around $5.8 trillion, roughly $2 trillion has evaporated in about a month.
HSBC downgraded to Hold and slashed the target from $375 to $170. The reasoning: shares unlikely to regain strength until a permanent CEO is named. The board told CNBC it's still selecting a search firm and has made no formal contact with candidates. Earlier reports of outreach to Arm's CEO were pushed back.
The selloff rippled across semis. Philadelphia Semiconductor Index fell 3.4%. $AMD dropped 8.75%, $AVGO down 4.76% — reversing earlier gains that had treated NVIDIA's leadership gap as a share-gain opportunity. Arm and Cisco also declined.
Fiscal Q3 results drop November 17, the first under interim CEO Colette Kress. Consensus expects about $109 billion in revenue.
Near-term numbers may still hold. The open question: whether the leadership vacuum and any export-control overhang keep weighing on the multiple, even if demand stays intact.
HSBC downgraded to Hold and slashed the target from $375 to $170. The reasoning: shares unlikely to regain strength until a permanent CEO is named. The board told CNBC it's still selecting a search firm and has made no formal contact with candidates. Earlier reports of outreach to Arm's CEO were pushed back.
The selloff rippled across semis. Philadelphia Semiconductor Index fell 3.4%. $AMD dropped 8.75%, $AVGO down 4.76% — reversing earlier gains that had treated NVIDIA's leadership gap as a share-gain opportunity. Arm and Cisco also declined.
Fiscal Q3 results drop November 17, the first under interim CEO Colette Kress. Consensus expects about $109 billion in revenue.
Near-term numbers may still hold. The open question: whether the leadership vacuum and any export-control overhang keep weighing on the multiple, even if demand stays intact.