Apple CEO Tim Cook speaks at the Economic Summit of China Development Forum 2019 in Beijing, capital of China, March 23, 2019./XINHUA


US President Donald Trump has just weighed in on the debate about Jensen Huang's successor on Truth Social.

He writes: "NOW THAT Nvidia CEO JENSEN HUANG, who has done a fantastic job, has resigned, there is only one man to take his place - TIM COOK of Apple. A Legend replaces a Legend!"

Cook served as Apple's chief executive until August this year, and currently serves as the company's executive chair of the board.

As we've been reporting, finance chief Colette Kress has been named Nvidia's interim chief executive, but it remains unclear who will be appointed to steer the company longer term.

Jensen Huang has resigned as CEO of tech giant Nvidia, the company's board says, with chief financial officer Colette Kress appointed interim boss.

Colette Kress, who has just been made the interim CEO of Nvidia, says that she is committed to building on the "the extraordinary foundation" that Jensen Huang has created.

Kress has been the executive vice president and chief financial officer at Nvidia since joining the company in September 2013.

The company's board says that she has led the company's finance organisation and "played a key role in Nvidia's growth and evolution".

Before joining Nvidia, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.

After being appointed as interim chief executive officer, Kress says: "Nvidia's strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years.

"We will continue advancing the work that has made Nvidia a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders."

Nvidia has been crucial to artificial intelligence development, so the turmoil around its leader has rippled out to affect global AI and tech stocks.

South Korea’s tech and chipmaker-heavy Kospi index closed down 0.6% on Thursday, and the Taiwan Semiconductor Manufacturing Company was trading down about 1.7%.

Bad news for Nvidia could be good news for some of its competitors, however.

Shares in Chinese manufacturers of graphics processing units rose, with Moore Threads, MetaX and Cambricon all surging by more than 8%. Shares in American chipmaker AMD rose by 4% in early trading.