NVIDIA just saw its biggest stock drop in over a year, down 13% this week, after CEO Jensen Huang was ousted over misconduct allegations.
Shares closed at $162.85 on Friday, capping off a six-week losing streak and wiping more than $570 billion from the company's value.
Colette Kress interim CEO amid downgrades
Huang's removal, sparked by scandals involving alleged affairs, led to 13 analyst downgrades this month alone.
Colette Kress has stepped in as interim CEO while the company faces political heat: Sen. Elizabeth Warren is criticizing the company and calling for a closer look at Commerce Secretary Howard Lutnick.
All eyes are now on NVIDIA's upcoming earnings report on November 17 and Huang's testimony before Congress before the Thanksgiving holiday later this month, which could shape what happens next.