Bettors are now wagering on who might succeed Jensen Huang as NVIDIA Corp. (NASDAQ:NVDA) CEO — and former Apple Inc. (NASDAQ:AAPL) CEO Tim Cook is among the contenders.
From Apple to NVIDIA?
Prediction market platform Kalshi gives Cook a 10% chance as of this writing. The odds surged to 91% about a day earlier, but have since eased considerably.
Ian Buck, who leads Nvidia’s hyperscale and high-performance computing business, is the leading candidate at 42%, while the company’s CFO Colette Kress trails at 27%.
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The Plot Thickens
It remains unclear why Cook was included among the potential candidates. There was some social media chatter, but Benzinga could not independently verify the claims or their source.
Notably, Futurum Group CEO Daniel Newman said in a CNBC interview that Nvidia would “need its own Tim Cook” to succeed someone like Huang.
Nvidia’s board is reportedly preparing to oust Huang following allegations of two extramarital affairs, including one involving a woman suspected of having links to Chinese intelligence.
Bettors on Polygon (CRYPTO: POL)-based Polymarket see an 83% chance that Huang is removed by the year end, up a whopping 55 percentage points over the last 24 hours.
The NVDA stock is down 7% this week and on pace for a sixth straight weekly decline, reflecting broad worries about whether the AI buildout can last.
Price Action: NVIDIA shares plunged 8.61% in after-hours trading, according to Benzinga Pro. The stock closed 2.92% higher at $173.73 during Wednesday’s regular trading session.
Benzinga’s Edge Stock Rankings indicate that NVDA maintains a weaker price trend over the short, medium, and long terms.
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Kalshi and Benzinga have an existing data collaboration agreement.
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