Trump wants Tim Cook to take over as NVIDIA CEO
What's the story
NVIDIA is on the lookout for a new CEO after Jensen Huang's resignation amid scandalous allegations, including one involving a suspected Chinese spy. While NVIDIA CFO Colette Kress is currently serving as interim CEO, US President Donald Trump has proposed Tim Cook, the ex-Apple CEO, as a potential replacement. "A Legend replaces a Legend!" Trump said in his Truth Social post.
Support
Trump's podcast remarks on Cook, Huang
Trump reiterated his support for Cook in a recent episode of Stephen A. Smith's Straight Shooter podcast.
He praised Cook's leadership at Apple and said, "I think Tim Cook would be a great candidate to run NVIDIA."
Trump also spoke about Huang's current situation, saying he's "going through hell" after stepping down from his position.
Transition
Huang's resignation impacts NVIDIA's shares, his stake remains significant
Huang's resignation has sent NVIDIA's shares plummeting and left the company without its leather-jacket-clad leader at a critical juncture for the industry.
He was instrumental in the AI revolution triggered by OpenAI's ChatGPT launch in 2022, with NVIDIA's powerful processors powering AI models across the globe.
Despite his exit, Huang remains NVIDIA's largest individual shareholder with a stake of about 3.6%.