Trump Backs Tim Cook as Nvidia CEO After Huang Exit

what happened

Nvidia chief executive Jensen Huang stepped down as CEO and left the board on Thursday, Reuters reported. The move came after press reports linked him to a Chinese businesswoman whom US authorities believe may be passing information to Beijing. Chief Financial Officer Colette Kress will serve as interim CEO while the company searches for a permanent successor from inside and outside the firm.

Later, President Donald Trump wrote on his Truth Social platform that Tim Cook should take the job. Cook left the top position at Apple in September after 15 years and now works there as executive chairman. The Wall Street Journal also covered Trump's post.

why it matters

A leadership change at a company of Nvidia's weight draws close attention from investors, especially given its role in the chip market. An interim leader and an open search leave the timing and profile of a new chief unclear, while the president's public comment adds a political layer to the corporate story. Markets will watch the board's eventual choice and any further details on the reports.

market impact

Nvidia shares: leadership uncertainty weighs on sentiment around the stock

• ▼Nvidia shares pressure down — leadership uncertainty weighs on sentiment around the stock

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