Nvidia has now shed $657 billion in market capitalization this week

Nvidia shares are on pace to record their sixth straight weekly decline, according to Dow Jones Market Data. The stock has lost 14.4% this week alone, wiping out $657 billion in market capitalization.

The current losing streak represents the longest stretch of consecutive weekly losses since a six-week period that ended in October 2012. Notably, the company's stock was under pressure well before the Jensen Huang scandal came to public attention.