Trump wants Tim Cook as Nvidia CEO hours after Jensen Huang's resignation

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Jensen Huang has resigned as Nvidia's chief executive after reports of two affairs, one involving a woman suspected of being a Chinese spy. Colette Kress is interim CEO, President Trump wants Tim Cook for the job, and the search for a permanent successor is open.

Jensen Huang resigned on Thursday as chief executive of Nvidia, giving up the president's job and his board seat and cutting his ties to the company he co-founded in 1993

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. The departure leaves the central company of the AI boom without its founder and leader

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Source: Benzinga

Source: Benzinga

The exit followed days of reporting about two extramarital affairs. One was with Alice Huang, a Chinese businesswoman whom US intelligence suspected of being a Chinese spy. A second, with Nvidia vice president Kimberly Powell, who reported to him, surfaced on Wednesday

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. Huang acknowledged the infidelity in a statement quoted by Bloomberg: "My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry."

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CFO Colette Kress is running the company as interim CEO while the board searches for a permanent successor among insiders and outsiders alike

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. Kress has been Nvidia's finance chief since 2013, and analysts describe her as steady with Wall Street. Commentators keep asking whether she can set the technology direction as well as manage the money

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The president's pick

President Trump weighed in on Truth Social within hours of the announcement: "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!"

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Source: Inc.

Source: Inc.

He offered no reason beyond the 'legend replaces a Legend' line and his praise for Huang's tenure

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. It is a suggestion with no formal weight. There is no indication Nvidia is considering Cook, and Cook has not responded

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. The endorsement still fits a relationship the two men have built for years. Cook makes regular calls, gave a $1 million donation to Trump's inauguration per one outlet, and sent a gold Corning glass gift for the Oval Office. In August 2025 he announced a $600 billion pledge of US investment

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Cook stepped down as Apple's chief executive this year after 15 years, handing the job to John Ternus in September, and stays on as Apple's executive chairman

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. Under him, Apple's value grew to roughly $4.5 trillion, per Reuters' account, which makes Apple the only company worth more than Nvidia

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The market is not buying the president's pick. Traders on the prediction market Polymarket put Nvidia's own Ian Buck at the top of the list, with Cook only fourth

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. One columnist argues there is no chance Cook takes the job, since he just planned his own succession at Apple. Nvidia, the argument runs, needs a technologist, and managing a very large company alone will not be enough

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The endorsement also landed while questions about what Trump himself knew of the spy allegations were still open

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. The New York Times reported that Secretary of State Marco Rubio briefed Trump on the concerns in May, aboard Air Force One, shortly before Trump picked Huang up in Alaska for the flight to Beijing

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. Trump said this week that he believed Huang knew nothing of any espionage operation. "I really believe him... I think that he'll be in good shape," Trump said at a Monday press conference

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The investigation, and Congress

The board had commissioned an independent investigation before the resignation, hiring former acting US attorney Joon H. Kim of Wachtell, Lipton, Rosen & Katz. The board has said it has no reason to believe national security or Nvidia secrets would be compromised

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Congress is not waiting. Huang has been summoned to a closed-door briefing with the House Select Committee on the Chinese Communist Party on Nov 18. A subpoena is threatened if he does not appear voluntarily

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. Senator Elizabeth Warren put it more bluntly: "Jensen Huang's decision to resign from NVIDIA does not absolve him, other executives, or the company as a whole of responsibility... They still owe Congress answers."

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Investors rendered their verdict at Thursday's open, when Nvidia's shares fell sharply before recovering much of the drop. Even at the low, the company was worth close to $4 trillion, per one outlet

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The field lining up

Whoever takes over inherits a company that was built around one man

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. Huang co-founded Nvidia in 1993, and per Reuters had around 60 direct reports; gaming, the business he started it with, is now about 5% of revenue

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. The names being floated run from inside the company, like Buck, who helped build the software developers use to program Nvidia's chips, and Kress. Outside chief executives in the mix include Arm's Rene Haas, Lisa Su of Advanced Micro Devices and former Intel chief Pat Gelsinger

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. Investors, analysts told Reuters, want someone who combines technology vision, financial skill and experience running a very large company, and the two internal names map onto those poles

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Source: New York Post

Source: New York Post

Huang remains sought-after even out the door. Elon Musk tweeted hours after the second report that it would "be an honor" to hire him, with SpaceX building its Terafab chip factory in Texas

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Nvidia reports quarterly results on Tuesday, Nov 17, and Huang is due on Capitol Hill the next day

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