Trump backs former Apple CEO Cook to lead chipmaker Nvidia after founder Huang resigns amid scandals

President Donald Trump on Thursday backed former Apple CEO Tim Cook to lead Nvidia, hours after the disgraced founder, president and CEO of the technology company, Jensen Huang, resigned.

Trump's statement on the Truth Social platform was his first public comment on the departure of Huang, who resigned amid an investigation into an extramarital relationship with a woman whom U.S. intelligence agencies concluded was spying for China, then allegations of an affair with a company executive who reported to him.

Nvidia is a chip making firm that has been integral to the AI revolution. Jensen's downfall in recent days has rippled through the Big Tech industry and financial markets. Trump had backed Jensen, a big donor, amid the intelligence report. 

"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!" Trump said in the post.