'Legend replaces a legend': Trump wants Tim Cook to replace Nvidia CEO Jensen Huang
US President Donald Trump has brought Apple's Tim Cook into the conversation around Nvidia's leadership, suggesting that the Apple CEO should replace Jensen Huang at the chipmaker.In a post on Truth Social, Trump called Cook the only person fit to take over from Huang, who has resigned with immediate effect.“NOW THAT Nvidia CEO JENSEN HUANG, who has done a fantastic job, has resigned, there is only one man to take his place - TIM COOK of Apple.
A Legend replaces a Legend! President DONALD J. TRUMP “Trump's suggestion comes after Cook stepped down as Apple’s chief back in September after leading the Cupertino-based company for more than a decade. Trump also recalled his association with Cook, describing him as “an incredible guy” and saying their professional relationship began during his first term as president, when Cook approached him for help with an issue.Nvidia's sudden leadership changeNvidia's board announced on Thursday that Jensen Huang had stepped down as the chipmaker's president, CEO and board member, with the resignation taking immediate effect.The announcement followed reports of two alleged affairs involving Huang.
One involves a Chinese businesswoman suspected by US authorities of spying for Beijing. Another report alleged that Huang had an extramarital relationship with a senior company executive who reported directly to him.A person familiar with the matter said Nvidia's board had met on Wednesday to consider Huang's removal.The company acknowledged the contributions of its outgoing chief, saying, “Jensen’s contributions to NVIDIA are profound.
Shares of Nvidia, one of the most valuable companies in the world, crashed in opening trade on Thursday as its CEO Jensen Huang resigned.“NVIDIA is one of the most consequential technology companies in the world. The Board and the company thank Jensen for his immeasurable contributions to the company and the industry,” it added.The board has named chief financial officer Colette Kress as interim CEO while it searches for a permanent successor.
Huang, who co-founded Nvidia and owns around 3.61% of the company, is its fourth-largest investor. He will also give up his board position.Huang's departure was followed by a steep fall in Nvidia shares during Thursday's opening trade. The stock dropped 13.09% to $150.98, taking the company's market capitalisation below $4 trillion for the first time since July 2025.The exit marks a major leadership change for the AI industry, particularly for Nvidia, which Huang transformed into a dominant force in artificial intelligence.Money habits form by age 7.
Is your child learning the right ones? Join the TOI Money Masterclass.
