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Business & Finance · November 12, 2026

Trump Proposes Tim Cook as New Nvidia CEO

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Jensen Huang, the co-founder and CEO of Nvidia, resigned on November 12 after revelations of an extramarital affair with an Nvidia executive and a separate relationship with a businesswoman identified by U.S. intelligence as a Chinese spy. The resignation ends Huang's 33-year tenure at the company he helped build into a $4 trillion AI power. Following his departure, the board of directors appointed CFO Colette Kress as interim CEO. President Donald Trump publicly suggested that former Apple CEO Tim Cook should take the permanent role at Nvidia, calling it a case of 'a Legend replaces a Legend.' Huang's resignation followed an independent board investigation into the reported affairs and potential security risks related to foreign intelligence.

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Reported by multiple outlets

  • Jensen Huang resigned as president, CEO, and board member of Nvidia on November 12.
  • Nvidia's board of directors appointed CFO Colette Kress as interim CEO.
  • The resignation followed reports of an affair between Huang and an Nvidia executive who reported to him.
  • President Donald Trump suggested Tim Cook as Huang's replacement.
  • Nvidia is currently valued at approximately $4 trillion.

Reported by only some outlets

  • Jensen Huang owned less than 4% of Nvidia at the time of his resignation.
  • The New York Times reported that a businesswoman Huang had a relationship with was a Chinese spy.
  • The board opened an independent investigation into whether Huang was targeted by a foreign intelligence operation.
  • The New York Post identified the Nvidia executive involved in the affair as Kimberly Powell, VP of health care.
  • Forbes reported that Huang has been alleged to have had three affairs, though he only formally acknowledged one.
  • Tim Cook stepped down from the Apple CEO role after 15 years to become executive chairman.

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