Nvidia stock slides toward longest losing streak since 2019

Shares of Nvidia Corp.
NVDA,
-1.33%
were falling 0.6% in Tuesday afternoon trading and on track to log their seventh-straight trading day of declines. A fall in Tuesday’s session would give Nvidia its longest losing streak since June 3, 2019, when it fell for eight sessions in a row, according to Dow Jones Market Data. The stock has lost 24% over the current seven-session span. Nvidia has suffered from waning demand for its gaming products, and the company fell way below expectations with its latest forecast that management delivered in August. Additionally, Nvidia must contend with a new license requirement that restricts the company’s data-center business in China. Shares have fallen 28% over the past three months as the S&P 500
SPX,
-0.41%
has declined 5%.