By Omor Ibne Ehsan
Publication Date: 2026-11-07 14:04:00
Quick Read
Nvidia’s fifth straight losing week left it 22% below its October record, erasing about $1.27 trillion in market value despite Friday’s 3% rebound.
Jared Blikre blamed the worst day since the DeepSeek sell-off on Democrats winning Congress after candidates in both parties ran against AI data centers.
AMD jumped 11% Friday, yet the chip index still sank 12% for the week and sits 36% below its June record.
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NVIDIA (NASDAQ:NVDA) rose 2.81% on Friday, November 6, 2026, closing at $186.71 after a $5.11 gain. The rebound still left the stock with its fifth straight losing week.
The stock closed at a record $239.24 on October 6, 2026, and it now sits 21.96% below that level, a gap of $52.53 per share. Using 24.15 billion shares outstanding, that works out to an estimated loss of about $1.27 trillion in market value. NVIDIA is still worth $4.51 trillion, and its most recent earnings report named supply as the main limit on growth, with no sign of weaker demand.
The run started from a $233.95 close on October 2. Weekly closing prices then slipped to $229.28 (-2.00%), $214.13 (-6.61%), $210.96 (-1.48%), and $204.64 (-3.00%) before the November 6 finish.
Measured from October 2, the estimated loss is smaller, at about $1.14 trillion. The week ended…
