Jensen Huang resigns as Nvidia CEO; CFO Colette Kress named interim, Trump suggests Tim Cook
Overview
Nvidia CEO Jensen Huang has resigned, and CFO Colette Kress will serve as interim CEO, according to Gizmodo.
Earlier, The Wall Street Journal reported that Nvidia's board was seriously evaluating replacing Huang over reports of personal relationships with two executives, which Huang apologized for. Nvidia's shares had dropped over 14% in ten days, erasing more than $680 billion in market value, that report said.
U.S. President Donald Trump wrote on Truth Social that Apple CEO Tim Cook is "the only man to take his place." The post does not say whether Trump spoke with Cook beforehand. Elon Musk had earlier replied on X that hiring Huang would be his "great honor," but has not said anything about a hiring process or offer.
Written by AI from the articles below · updated Nov 12, 11:48 AM ET
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Developments
2 developments
- Nov 12, 11:45 AM ET · 1 articleTrump suggests Tim Cook as Nvidia CEO successorGizmodo · AI: Trump suggests Tim Cook replace Jensen Huang as Nvidia CEO
- Nov 12, 3:16 AM ET · 1 articleMusk says hiring NVIDIA CEO Jensen Huang would be an honorQbitAI: Musk says hiring Jensen Huang would be an honor as Nvidia weighs CEO change
Article timeline
The articles in this story. Times are ET.
- Gizmodo · AINewsTrump suggests Tim Cook replace Jensen Huang as Nvidia CEO
AITrump says on Truth Social that Tim Cook of Apple is the only man to replace Nvidia CEO Jensen Huang, who resigned Thursday. Nvidia CFO Colette Kress will serve as interim CEO. The post does not say whether Trump spoke with Cook beforehand.
- QbitAINewsMusk says hiring Jensen Huang would be an honor as Nvidia weighs CEO change
AIElon Musk replied that hiring Nvidia CEO Jensen Huang would be his great honor after a user on X asked him to hire Huang. The Wall Street Journal reports that Nvidia's board is seriously evaluating replacing Huang, following reports of personal relationships with two executives, and Huang has apologized for infidelity. Nvidia's shares fell more than 8% after hours at one point, and have dropped over 14% in ten days, erasing more than $680 billion in market value.
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