Trump backs Tim Cook to succeed Huang as Nvidia CEO

Nvidia co-founder and CEO Jensen Huang has resigned, effective immediately, with CFO Colette Kress named interim CEO. The announcement follows reports that Nvidia's board had opened an independent probe into whether Huang was the target of a foreign intelligence effort, though no reason for the resignation was given.

President Trump has endorsed former Apple CEO Tim Cook to take the permanent top job while the board weighs a successor.

• Kress, Nvidia's CFO, leads the company on an interim basis.
• The leadership change lands as Google expands its competing AI chip lineup and Wall Street questions the returns on massive AI infrastructure spending.