Nvidia stock posts worst week since April as CEO Huang ousted
Nvidia Corp. stock suffered its worst weekly decline since April 2025, falling 13% over five trading days to close at $162.85 Friday, following the ouster of CEO Jensen Huang amid scandals. The drop erased more than $570 billion in market value. The stock's decline marks its sixth straight week of losses, the longest streak since 2012. Huang was removed by the board after admitting to an affair with an alleged Chinese spy and reportedly another with an employee, with CFO Colette Kress named interim CEO. At least 13 analysts have downgraded the stock this month. Huang has agreed to testify before Congress before Thanksgiving, and Senator Elizabeth Warren has called for scrutiny of Commerce Secretary Howard Lutnick over export control loopholes. Nvidia is scheduled to report quarterly earnings on Tuesday, Nov. 17.