Nvidia Faces Record Losing Streak and $1.6 Trillion Value Drop Amid CEO Exit

Nvidia shares are tracking toward their sixth consecutive weekly decline, the longest losing streak for the chip giant since 2012. The stock sell-off accelerated after co-founder and CEO Jensen Huang resigned on Thursday following the public disclosure of two extramarital affairs. In the wake of Huang's departure, the company's board named finance chief Colette Kress as interim CEO while a search for a permanent successor is conducted. Additionally, Nvidia has faced market pressures from broader economic concerns, including rising interest rates and potential impacts from recent political shifts on the artificial intelligence sector.