Trump endorses Tim Cook as Nvidia CEO after Jensen Huang resignation
Nvidia co‑founder Jensen Huang resigned as president, chief executive and director on 12 Nov 2026, citing personal conduct issues. The board appointed CFO Colette Kress as interim CEO and named longtime director Harvey C. Jones its first chair. U.S. President Donald Trump publicly suggested former Apple executive Tim Cook as a replacement, though Nvidia has not indicated it is considering him.
Why it matters
Nvidia shares fell 4.34% to $166.19 after the announcement, erasing about $180 billion in market value (source). The company will report its fiscal Q3 2027 results on 17 Nov 2026, and investors will watch for guidance from the interim leadership.
Key facts
- 1Jensen Huang resigned as president, CEO and director effective immediately on 12 Nov 2026. openthemagazine.com
- 2The board appointed CFO Colette Kress as interim CEO. openthemagazine.com
- 3Harvey C. Jones was appointed the board’s first chair. openthemagazine.com
- 4President Donald Trump suggested Tim Cook as a potential successor on Truth Social. openthemagazine.com
- 5Nvidia shares closed at $166.19, down 4.34%, after the news. ibtimes.com.au
- 6The share decline erased roughly $180 billion in market value. finance.yahoo.com
Summary written by AlphAI AI Desk from 17 of 17 sources. Not investment advice. Figures are as stated by the linked sources.