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Nvidia's stock tumbles toward worst six-day stretch in over 9 years

Tomi Kilgore

Shares of Nvidia Corp. slumped 4.0% in afternoon trade, putting them on track of a sixth-straight loss, amid a broad selloff in the chip and broader technology sectors. The stock has lost 17.7% during its losing streak, putting it in danger of suffering the worst six-session stretch since it tumbled 18.6% in the six days ending May 15, 2009. Nvidia shares have now shed 18.5% since it closed at a record $289.36 on Oct. 1. Meanwhile, the PHLX Semiconductor Index dropped 1.0%, the SPDR Technology Select Sector ETF lost 0.9% and the S&P 500 slid 1.8%.