GoKawiilNvidia stock falls for sixth straight week after Jensen Huang resigns as CEO
Nvidia shares have dropped 29% over six consecutive weekly declines, erasing about $1.6 trillion in market value and pushing the company below Apple in valuation. The slide accelerated after co-founder and longtime CEO Jensen Huang resigned Thursday following revelations of two extramarital affairs, one reportedly involving an alleged Chinese spy and another with a company vice president. The board appointed CFO Colette Kress as interim CEO while searching for a permanent replacement.