Nvidia drops 30% in 6-week slide after Huang quits as CEO
What's next: Interim CEO Colette Kress faces earnings Tuesday, with analysts expecting $108.9 billion in revenue.
Nvidia shares fell 13% this week, extending their losing streak to six straight weeks after co-founder Jensen Huang resigned as chief executive. The stock has dropped 30% over that stretch, wiping out about $1.7 trillion in market value and pushing Nvidia below Apple after months near the top of the market. Nvidia named finance chief Colette Kress interim CEO while the board searches for a permanent successor. CNBC reported Huang stepped down Thursday after two separate extramarital affairs became public, including one involving an employee. Analysts said the leadership upheaval could weigh on the stock even if quarterly results are strong. Nvidia is due to report earnings Tuesday, and LSEG data shows Wall Street expects revenue to jump 91% from a year earlier to $108.9 billion.