Nvidia Heads Into Kress's First Week With a Six-Week Slide, a Staff Meeting on 18 November and Earnings Tuesday

Kress described the period as extraordinarily difficult, thanked staff for their resilience and said leadership would share more about the future in the coming days. She announced a company meeting for Wednesday 18 November at 9 a.m. Pacific. The board has given no timeline for naming a permanent chief, who it said would be chosen from internal and external candidates.

How far has Nvidia's stock fallen?

CNBC says the shares have lost 29 percent over the six-week slide, roughly $1.6 trillion in market value, and the company has slipped below Apple in the process. Yahoo Finance's live blog put Nvidia's market value at $4.005 trillion at the end of Thursday's trading, against $4.498 trillion the previous Friday. The slide began before the scandal: CNBC attributes much of the previous week's roughly 9 percent drop to the midterm results and ballot measures that could slow the AI buildout, and the earlier slump to worries about rising interest rates.

Analysts are divided on what the change means. D.A. Davidson's Gil Luria cut his price target to $200 from $300 but kept a buy rating, writing that the market has appropriately adjusted for the transition, CNBC reports. Oppenheimer said fundamentals would take a back seat near term and warned of a lingering share overhang. Fox Business quoted Dan Ives calling Kress someone who has built enormous credibility inside and outside the company, while Luria said the job is daunting for a company that has been founder-led from the start.

What happens next for Nvidia?

Yahoo Finance's live blog says Nvidia confirmed that it will report third-quarter results on Tuesday 17 November after the close. LSEG data cited by CNBC points to revenue growth of 91 percent to $108.9 billion. That call will be the first time investors hear Kress speak as chief executive, and the first test of whether she sounds like a caretaker or a candidate.

Other dates are less certain. Yahoo Finance noted that Nvidia still lists its GTC Washington event for 1 to 3 December on its website, with no word on whether it will go ahead. CNBC says Huang resigned after two extramarital affairs became public, one with an alleged Chinese spy. Those allegations have not been tested in any proceeding, and Nvidia's own release gave no reason. US trading opens at 14:30 UTC, when investors get their first look at the shares since Thursday's close.