Washington, November 12, 2026 (Yes Punjab News)
US President Donald Trump has backed Apple executive chairman Tim Cook to take over as Nvidia chief executive following the chipmaker’s announcement that its board had accepted Jensen Huang’s resignation.
“Now that Nvidia CEO Jens 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!” Trump wrote on his Truth Social platform.
Trump’s endorsement came amid a contentious leadership transition at Nvidia, which has appointed its Chief Financial Officer Colette Kress as interim CEO while beginning a search for a permanent successor.
There was no indication that Cook had expressed interest in the position or held discussions with Nvidia. The company said its board would consider both internal and external candidates.
According to Nvidia’s filing with the US Securities and Exchange Commission, the board accepted Huang’s resignation as president, CEO and director on November 11, with immediate effect. Neither the filing nor the company’s announcement disclosed a reason for his departure.
Kress, 59, will continue as executive vice president and CFO while serving as interim chief executive. Nvidia has also appointed longtime director Harvey C. Jones as its first board chair.
The leadership change has drawn scrutiny from US lawmakers over concerns about the company’s business practices and exports of advanced artificial intelligence chips to China.
House Select Committee on China Chairman John Moolenaar said American technology companies should not compromise national security by providing Chinese firms access to their most advanced chips. He urged Congress to include bipartisan export-control legislation in the year-end national defence bill.
Moolenaar described Huang’s departure as a “firing”, although Nvidia’s regulatory filing characterised it as a resignation accepted by the board.
Senate Democratic Leader Chuck Schumer also said Huang’s exit should not end congressional scrutiny. He demanded answers from Huang and other Nvidia officials over allegations that the company may have put US national security at risk.
Schumer additionally raised questions about an alleged relationship between Huang and a suspected Chinese intelligence asset, and whether Huang’s ties with Trump had influenced any investigation. These allegations were not addressed in Nvidia’s announcement or regulatory filing.
Nvidia shares were trading at $165.38 at 11:51 a.m. Eastern Time, down around 4.8 per cent from the previous close, after falling as much as 14.3 per cent earlier in the session.
The company is scheduled to announce its third-quarter fiscal 2027 results on November 17.
Cook became Apple CEO in 2011 and moved to the position of executive chairman on September 1, when John Ternus succeeded him as chief executive. Kress has served as Nvidia’s CFO since 2013, while Jones has been a company director since 1993.
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