Trump suggests Apple CEO Tim Cook replace Nvidia chief Jensen Huang
Donald Trump proposed Tim Cook as the successor after Jensen Huang resigned from Nvidia following allegations of misconduct.
US President Donald Trump has suggested that Apple CEO Tim Cook should take over the leadership of Nvidia following the resignation of Jensen Huang. According to the Times of India, Trump posted on Truth Social that Cook is the only person suitable to replace Huang, who stepped down as president, CEO, and board member with immediate effect.
The sudden leadership change at the chipmaker occurred after reports emerged regarding two alleged affairs involving Huang. One report alleged an extramarital relationship with Kimberly Powell, Nvidia's Vice President of Healthcare, who reports to Huang. Another report involved an affair with Alice Huang, a Chinese national and business executive suspected by US authorities of spying for Beijing.
Nvidia's board met on Wednesday to consider Huang's removal, according to reports from the Times of India and Mint. The company stated that while it has no reason to believe national security or company secrets were compromised, its inquiry will examine all available information.
Following the announcement, Nvidia shares fell 13.09 per cent to $150.98 on Thursday, causing the company's market capitalisation to drop below $4 trillion. The board has appointed Chief Financial Officer Colette Kress as the interim CEO while the search for a permanent replacement continues.
