The Kobeissi Letter
The Kobeissi Letter|Nov 15, 2026 20:27
Nvidia is experiencing a historic losing streak: Nvidia, NVDA, has declined for 6 consecutive weeks, matching its 2nd-longest weekly losing streak on record. Over this span, the stock has declined -31%, to its lowest level since July 2025. Similar 6-week losing streaks occurred twice in 2012 and once in 2002, following the 2000 Dot-Com Bubble burst. By comparison, its longest losing streak was7 weeks, recorded during the 2008 Financial Crisis when NVDA dropped -53%. Since its October peak, Nvidia has lost -$1.9 trillion in market value, down to $3.9 trillion. Year-to-date, the stock is down -12%, materially underperforming the S&P 500 and Nasdaq 100, which are up +10% and +11%, respectively. Nvidia is facing a nearly unprecedented downturn.
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