- Trump endorsed Tim Cook as his pick to replace Jensen Huang as Nvidia CEO.
- Nvidia shares fell as much as 14% before closing 4.3% lower after Huang’s resignation.
- Colette Kress was named interim CEO as Nvidia’s board considers internal and external candidates.
President Donald Trump’s suggestion that Tim Cook replace Jensen Huang has added a political dimension to Nvidia’s leadership transition, as investors weigh the chipmaker’s CEO search alongside moves in its shares.
Huang resigned as Nvidia’s president, CEO, and board member with immediate effect, and the board appointed CFO Colette Kress interim CEO while it searches for a permanent successor. Trump’s Truth Social post named Cook, Apple’s executive chairman and former CEO, as his preferred choice, but the selection rests with Nvidia’s board.
Nvidia’s CEO Search Meets a Sudden Stock Swing
The timing puts Trump’s endorsement into an unsettled period for NVDA stock. Nvidia shares fell as much as 14% during the trading session before recovering much of the decline to close 4.3% lower. That move followed Huang’s resignation as investors assessed how the change could affect the company.
Nvidia said its board would consider internal and external candidates. Kress will lead the company on an interim basis as that process continues. The arrangement gives the company an immediate executive while leaving its permanent succession unresolved.
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Cook’s Name Is Not a Board Decision
Trump called Cook “a Legend” and said one legend should replace another. Cook stepped down as Apple CEO in September, and now serves as executive chairman. However, no reports indicate he is seeking the Nvidia position.
The reports identify several other possible successors, including Nvidia executives Colette Kress and Ian Buck, Arm CEO Rene Haas, and Apple hardware chief Johny Srouji. Those names have been discussed by analysts and media outlets; however, Nvidia has not yet announced a final choice.
What NVDA Investors Will Watch
For investors, the immediate issue is how Nvidia will keep operations running during the search. The company has said its customer commitments and product roadmaps remain intact. The board’s next steps may clarify who will lead Nvidia and how it will manage the transition.
Nvidia’s next leadership decision will carry significant weight as the company navigates a transition after 33 years under Huang. While Kress provides interim leadership, the board must decide whether an internal executive or an external candidate is best positioned to lead the company.
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Related: Nvidia Stock Plunges 8% as Jensen Huang Resigns After 33 Years
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