Jensen Huang resigned immediately from his positions as Nvidia's president, CEO, and board member following a Wednesday board meeting addressing the personal misconduct reports. In response, Donald Trump took to Truth Social to urge the board to hire Tim Cook, who left Apple in September after leading the iPhone maker for over a decade. The chipmaker has temporarily elevated Chief Financial Officer Colette Kress to interim chief executive officer while searching for a permanent replacement. Amid the sudden leadership vacuum, Nvidia's share price plummeted over 13% during Thursday's opening trade.
Key points
Nvidia shares dropped 13.09% to $150.98 during Thursday's opening trade following the sud…: Nvidia shares dropped 13.09% to $150.98 during Thursday's opening trade following the sudden leadership departure.
The steep stock decline pulled the chipmaker's total market capitalization below $4 trill…: The steep stock decline pulled the chipmaker's total market capitalization below $4 trillion for the first time since July 2025.
Tim Cook stepped down from his leadership position at Apple in September after spending m…: Tim Cook stepped down from his leadership position at Apple in September after spending more than a decade in charge.
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US President
Donald Trump has brought
Apple's Tim Cook into the conversation around Nvidia's leadership, suggesting that the Apple CEO should replace Jensen Huang at the chipmaker.
In a post on Truth Social, Trump called Cook the only person fit to take over from Huang, who has resigned with immediate effect.
“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! President DONALD J. TRUMP “
Trump's suggestion comes after Cook stepped down as Apple’s chief back in September after leading the Cupertino-based company for more than a decade. Trump also recalled his association with Cook, describing him as “an incredible guy” and saying their professional relationship began during his first term as president, when Cook approached him for help with an issue.
Nvidia's sudden leadership change
Nvidia's board announced on Thursday that Jensen Huang had stepped down as the chipmaker's president, CEO and board member, with the resignation taking immediate effect.
The former president proposed major executive changes among top technology industry leaders during a recent statement. His remarks target the leadership of the prominent artificial intelligence hardware manufacturer. Observers note these comments reflect an ongoing focus on corporate governance within major American technology firms.
Investors responded negatively to the agricultural chemical and seed producer after management lowered expectations for its full-year financial performance. The revised guidance reflects ongoing operational and demand headwinds stemming from the regional market in Brazil. This unexpected downward adjustment has raised immediate concerns regarding international sales momentum and profitability margins across key farming territories.
Longtime leader Jensen Huang stepped down after a company inquiry revealed multiple extramarital relationships, including one with a direct report and another involving an alleged Chinese spy. The sudden leadership vacuum at the semiconductor giant comes as leadership reorganizes governance to stabilize internal morale and external partner confidence. Chief Financial Officer Colette Kress has taken over immediate operations to guide the chipmaker through the fallout.