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A leading investor in Nvidia has rejected President Donald Trump’s suggestion that Apple’s Tim Cook should succeed Jensen Huang following his resignation, expressing doubt that Cook even “knows what AI does.”
Huang, 63, stepped down Thursday as CEO of the $4 trillion chipmaker, whose hardware is powering the global artificial intelligence boom, after it was reported he had engaged in at least three extramarital affairs, one of which was with a woman whom the U.S. intelligence services believe is a Chinese spy.
Nvidia’s share price lost an estimated 13 percent of its value early Thursday amid the uncertainty surrounding Huang’s future before the company announced his departure and that CFO Collette Kress would be taking over as his interim replacement, inspiring a rebound.
Amid the immediate fallout, Trump weighed in on Truth Social to say there was “only one man” to replace Huang, naming Apple’s chairman of the board and former CEO with the comment: “A Legend replaces a Legend.”
However, his opinion was not shared by Ross Gerber, CEO of Gerber Kawasaki, a California wealth management fund that has invested in Nvidia for more than 15 years and kept a close eye on the company.
