The US president has suggested the former Apple CEO as a successor to Jensen Huang, who resigned following reports of two affairs, including one with a woman suspected of spying for Beijing<\/p>\n
US President Donald Trump has suggested that former Apple CEO Tim Cook take over Nvidia following the resignation of its longtime chief Jensen Huang, who stepped down after reports of two extramarital affairs, including one with a woman suspected of spying for China
\n\u201cA legend replaces a legend!\u201d Trump wrote, floating Cook, who now chairs Apple\u2019s board, as a potential successor to Huang. The American president had previously defended Huang as \u201can amazing guy,\u201d saying he believed that the executive had been unaware of the alleged espionage.
\nTrump and Cook have maintained ties for years, with the president previously claiming that the Apple executive had called him to \u201ckiss my ass\u201d\u00a0while seeking help during his first term. In August 2025, Cook visited Trump in the Oval Office, presenting him with a plaque featuring a 24-karat gold base as Apple announced plans to increase its US investment commitment to $600 billion over four years. Trump later praised Cook as an \u201cincredible guy,\u201d describing their relationship as \u201clong and very nice.\u201d
\nNvidia announced on Thursday that Huang had stepped down as president, chief executive, and board member \u201ceffective immediately,\u201d ending his 33-year tenure. Finance chief Colette Kress will serve as interim CEO while Nvidia seeks a permanent replacement.
\nThe crisis erupted over reports linking Huang to Alice Huang, also known as Huang Le, a businesswoman formerly associated with Singapore-based Nvidia chip buyer Megaspeed International. The New York Times and Financial Times reported that US intelligence officials suspected her of gathering information for Beijing and influencing Huang to seek looser chip export restrictions.
\nBeijing has rejected the espionage allegations, with Foreign Ministry spokesman Guo Jiakun calling the Chinese spy narrative \u201ca groundless accusation, slander, and a smear.\u201d<\/p>\n
Read more<\/p>\n
Nvidia probes \u2018Chinese honeypot\u2019 claims after CEO admits affair<\/p>\n
Huang admitted on Sunday that he had been unfaithful to his wife, without identifying the woman.\u00a0
\nOn Wednesday, the New York Times wrote that Huang also had an affair with Kimberly Powell, Nvidia\u2019s vice president of healthcare, who reported directly to him.\u00a0
\nNvidia\u2019s board launched an independent investigation into the affair on November 8. It initially backed Huang and said it had no reason to believe company secrets or US national security had been compromised.\u00a0
\nThe subsequent resignation announcement gave no specific reason or explanation for his departure.
\nNvidia and Huang also face a proposed shareholder class action alleging that they deliberately concealed the relationship and misled investors about the risks.
\nFollowing the announcement, Nvidia shares plunged more than 13% in early trading on Thursday, wiping over $575 billion off its market value and leaving the stock down roughly 17% over the past year. On Wednesday, its valuation had already fallen below $4 trillion for the first time in over a year.<\/p>\n
READ MORE: Trump backs \u2018honeypot-hit\u2019 Nvidia boss<\/p>\n
The turmoil has spread across the AI sector and weighed on the broader US market, erasing hundreds of billions of dollars in share value. Nvidia-linked cloud computing provider CoreWeave fell about 11% at the opening, while the S&P 500 and Nasdaq also declined.
\nPolymarket traders, meanwhile, were pricing a roughly 12% chance of an \u201cAI bubble burst\u201d by year-end.<\/p>\n","protected":false},"excerpt":{"rendered":"
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