ATLAS News · Companies

Trump Floats Tim Cook as Nvidia CEO After Huang Resigns, Outlets Report

Published November 12, 2026 · 6 sources

Axios, Time and others report Trump wants Tim Cook to replace Jensen Huang at Nvidia after Huang's resignation. Semiconductor ETFs moved higher, per one outlet.

What happened

Axios reports that Donald Trump is pitching Apple's Tim Cook as the next CEO of Nvidia after Jensen Huang resigned. Time Magazine and The Independent also report that Trump wants Cook to take over from Huang.

Central Oregon Daily and The Independent describe Cook as a former Apple CEO, and The Jerusalem Post says Trump's call came after a scandal. The sources provided do not detail the nature of that scandal.

Foreign Policy Journal reports that the iShares Semiconductor ETF (SOXX) rose 6% at the close and the VanEck Semiconductor ETF (SMH) gained nearly 5% as traders repositioned around Nvidia. It also links Apple and Alphabet to the market reaction.

Context

Nvidia is a major designer of chips used in computing and artificial intelligence, and its leadership is closely watched by investors in the semiconductor sector.

Why it matters

A change at the top of Nvidia could matter for investor sentiment toward the company and for semiconductor funds that hold it, as the ETF moves reported here suggest.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

AppleAAPL

−0.21%

Technology · NASDAQ

Live price

$357.97▼ -0.21%

live price · USD

Close on November 12: $354.88−0.21% vs. previous close ($355.63)
Fair value (ATLAS): $186.15Fair range: $124.35 to $210.10The price ($357.97) is 92.3% above that figure.
Chance of a rise in 1 month: 52%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $342.85 and $375.90; 9 in 10, between $315.99 and $407.85.

See the full ATLAS analysis of Apple →

NVIDIANVDA

−4.34%

Technology · NASDAQ

Live price

$161.97▼ -4.34%

live price · USD

Close on November 12: $166.19−4.34% vs. previous close ($173.73)
Fair value (ATLAS): $155.16Fair range: $112.11 to $214.75The price ($161.97) is 4.4% above that figure: close to its fair value.
Chance of a rise in 1 month: 48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $146.53 and $176.73; 9 in 10, between $124.10 and $208.66.

See the full ATLAS analysis of NVIDIA →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

Nvidia (NASDAQ: NVDA) Leadership Crisis Sparks Broad Semiconductor Surge As Apple (NASDAQ: AAPL) And Alphabet (NASDAQ: GOOG) Reach For Higher Ground · Foreign Policy Journal · November 12, 2026
Trump pitches Apple's Tim Cook as new Nvidia CEO after Huang resigns · Axios · November 12, 2026
Trump Wants Apple's Tim Cook to Replace Jensen Huang as NVIDIA CEO · Time Magazine · November 12, 2026
Trump says ex Apple CEO Cook should replace Huang at Nvidia · Central Oregon Daily · November 12, 2026
Trump pushes ex Apple CEO Tim Cook to replace Jensen Huang at Nvidia · The Independent · November 12, 2026
Donald Trump calls for former Apple CEO Tim Cook to replace Jensen Huang after scandal · The Jerusalem Post · November 12, 2026

Latest market news · Markets today on ATLAS · Apple · NVIDIA

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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer