President Trump just weighed in on one of the biggest leadership vacancies in the technology world.
And his choice is not one of the insiders Nvidia reportedly has been considering.
Trump says there is only one man for the job: Tim Cook.
In a new Truth Social post, the President praised Jensen Huang’s record at Nvidia before naming the longtime Apple leader as his preferred successor.
Full text transcript of President Trump’s Truth Social post:
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 message was brief and unmistakable.
He said Huang had done a fantastic job, then declared that Cook was the one person who should take his place.
“A Legend replaces a Legend!” Trump wrote.
The recommendation landed just hours after Nvidia confirmed the end of an extraordinary 33-year run.
Nvidia announced that Huang resigned as president, chief executive officer and a member of the board, effective immediately.
The company appointed longtime CFO Colette Kress as interim CEO while it searches for a permanent replacement. Nvidia said both internal and external candidates will be considered.
That means Trump’s public endorsement of Cook is not an announcement from Nvidia’s board. It is the President putting forward the person he believes can follow one of the most consequential founders in modern technology.
Kress has been Nvidia’s chief financial officer since 2013 and previously held senior finance roles at Cisco and Microsoft. Board chair Harvey Jones said the company expects operations, customer commitments and the product roadmap to continue without interruption during the transition.
Nvidia also emphasized the scale of Huang’s legacy, crediting him with building the foundation for the company’s rise in accelerated computing and artificial intelligence. Its permanent selection process is now the board’s responsibility, regardless of how much public attention Trump’s recommendation receives.
The search was already underway before Trump’s post:
The market had already been bracing for a leadership shock.
The Associated Press reported that Nvidia shares fell sharply after Huang’s departure. The resignation followed mounting scrutiny over his admitted affair with a Chinese businesswoman whom U.S. officials reportedly suspected of working for Beijing.
The AP also reported that lawmakers still expect Huang to answer questions about the episode and Nvidia’s security protocols, even though he is no longer CEO.
The controversy reaches well beyond Huang’s personal conduct because Nvidia’s most advanced chips are central to the international race for artificial intelligence. Questions about foreign influence, chip diversion and access to restricted technology have already drawn attention from Congress and federal investigators.
AP said Nvidia shares were down 5.3% by midmorning Thursday after a much steeper opening slide. The company had become the face of the AI boom under Huang, making the sudden leadership change a test for Nvidia and for a technology market heavily dependent on its hardware.
By the time the board made its move, investors had already sent Nvidia shares tumbling:
Cook would bring a very different résumé to Nvidia.
Apple’s official biography says Cook now serves as executive chair after leading the company as CEO from 2011 through 2026.
During that tenure, Apple expanded to more than 200 countries and territories, built an installed base of more than 2.5 billion devices, grew its services business past $100 billion and completed its transition to Apple-designed silicon.
Cook also spent years running Apple’s worldwide operations and supply chain before succeeding Steve Jobs — experience that would matter at a company whose chips now sit at the center of the global AI economy.
Apple credits Cook with overseeing the launch of the Apple Watch, AirPods, Apple Vision Pro and major services including Apple Pay and Apple TV. The company also says its carbon footprint fell by more than 60% from 2015 levels during a period when revenue nearly doubled.
Most relevant to Nvidia, Cook helped drive Apple’s shift to its own silicon, giving the company greater control over the processors inside its products. Trump is effectively arguing that the executive who mastered Apple’s supply chain and chip transition could guide Nvidia through the post-Huang era.
But Cook is not the only famous tech figure hovering around the succession drama.
Elon Musk said it would be an honor to hire Huang, opening another possible chapter for the Nvidia founder:
For now, Kress is running Nvidia and the board controls the permanent decision.
President Trump has nevertheless made his own preference crystal clear.
He wants the man who followed Steve Jobs at Apple to become the man who follows Jensen Huang at Nvidia.
This is a Guest Post from our friends over at WLTReport. View the original article here.
The post President Trump Announces Who He Thinks Should Replace Jensen Huang At Nvidia appeared first on 100PercentFedUp.com.
Continue reading...
[H/T 100PercentFedUp]