Apple shares rose 0.99% on Friday, even as broader technology stocks came under pressure following Nvidia's decline. The iPhone maker is increasingly attracting investors seeking exposure to a relatively defensive technology business amid uncertainty surrounding artificial intelligence (AI) stocks, according to Bernstein analysts.
Jensen Huang's sudden resignation leaves Nvidia facing an unusually difficult transition after losing its founder CEO. Companies like Apple, Alphabet and Uber have prospered after losing high-profile leaders, but those transitions were generally less abrupt.
US President Donald Trump has thrown his support behind former Apple CEO Tim Cook as a potential successor to Jensen Huang at Nvidia, shortly after the chipmaker announced Huang's resignation following revelations about his relationships with two women, one of them allegedly a Chinese spy. Nvidia has named CFO Colette Kress as interim chief executive and initiated a search for a permanent repla...
In the wake of the industry-shaking news of Nvidia CEO Jensen Huang's resignation on Thursday, U.S. President Donald Trump is floating the idea that former Apple CEO Tim Cook should take over the position.
On Tuesday, Apple announced it will permanently shut down one of its oldest online services: the Apple Support Community forum, where users could post questions and get answers about the iPhone, the Mac, and other Apple products they owned.
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