Nvidia's CEO quits; finance chief to lead on interim basis
Nvidia shares fell 10 percent after Jensen Huang resigned as chief executive and board member, following reports of an affair with a Chinese businesswoman US authorities suspect of spying for Beijing. Chief Financial Officer Colette Kress will serve as interim CEO. Nvidia's board has not yet named a permanent successor. US President Donald Trump wrote on Truth Social that former Apple CEO Tim Cook, who stepped down as Apple chief on 1 Sep 2026 and is now its executive chairman, should take the role. Apple and Nvidia did not immediately respond to requests for comment.
Key facts
- Trump has no formal say in who runs Nvidia, according to The Straits Times.
- Trump described Cook as a legend who would replace a legend.
- Cook served 15 years as Apple CEO before stepping down.
Summarised with AI from 5 sources · Updated 12:40Read our AI policy
Why it matters
The leadership change and share drop could affect Nvidia's market position and investor confidence.
What changed
Summary updated
First published from The Times of India, Hindustan Times, CNA, TechCrunch and The Independent