Donald Trump Suggests Tim Cook as Next Nvidia CEO Following Jensen Huang's Departure
US President Donald Trump publicly suggested former Apple CEO Tim Cook as the ideal replacement for Jensen Huang at Nvidia. The proposal comes amid an executive shakeup and a sharp decline in Nvidia stock.
🤖Штучний інтелектPhoto: ITC.ua
Key points
- Donald Trump publicly named Tim Cook as a potential candidate to lead Nvidia.
- Founder Jensen Huang resigned immediately; CFO Colette Kress serves as interim CEO.
- Nvidia stock has declined by approximately 35% from its October 6 peak.
U.S. President Donald Trump posted on Truth Social proposing that former Apple CEO Tim Cook take the helm at Nvidia. The suggestion came shortly after Nvidia announced the immediate resignation of its founder and long-time chief executive, Jensen Huang.
Executive Transition and Board Investigation
Huang stepped down from his roles as president, CEO, and board member after 33 years at the company. Nvidia's board of directors has commissioned an independent investigation into allegations concerning Huang. In the interim, Chief Financial Officer Colette Kress has assumed CEO responsibilities, while tech executive and venture investor Harvey C. Jones has been appointed independent board chair.
Industry observers view Trump's suggestion as unlikely to materialize. Since September 1, Apple has been led by CEO John Ternus, with Cook transitioning to executive chairman of Apple's board—a role focused on global policy engagement and government relations.
Market Reaction and Financial Outlook
Financial markets responded swiftly to Nvidia's sudden management change. The company's shares dropped over 10% following the official announcement, extending a decline of roughly 35% from its record high on October 6. Investors are now looking ahead to Nvidia's upcoming quarterly financial report scheduled for release on November 17.
Source ITC.ua — highload.tech/uk/ye-lyshe-odna-lyudyna-tramp-vzhe-pidgotuvav-zaminu-dzh… ↗
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