Trump suggests Tim Cook replace Nvidia CEO Jensen Huang
US President Donald Trump endorsed former Apple chief Tim Cook to succeed Jensen Huang following the chipmaker's sudden leadership change.
US President Donald Trump has suggested that Apple CEO Tim Cook should replace Jensen Huang as the head of Nvidia, according to reports by the Times of India and Business Today. Trump made the recommendation in a post on Truth Social after Huang resigned from his positions as president, CEO and board member with immediate effect on Thursday.
Nvidia announced the resignation of Huang, who co-founded the company in 1993, on Thursday. The company has appointed Chief Financial Officer Colette Kress as interim CEO while the board searches for a permanent successor. Nvidia also named longtime director Harvey C.
Jones as its first board chairman.
The leadership change follows reports regarding alleged extramarital affairs involving Huang, including one involving a businesswoman suspected by US authorities of spying for Beijing. While Nvidia's official announcement did not state a reason for the resignation or link it to these allegations, the company acknowledged Huang's profound contributions to the industry.
Following the announcement, Nvidia shares fell 13.09 per cent to $150.98 during Thursday's opening trade. This decline saw the company's market capitalisation drop below $4 trillion for the first time since July 2025.
Nvidia stated it will evaluate both internal and external candidates for the permanent role. The company is scheduled to release its third-quarter fiscal 2027 results on November 17.
