Washington DC, Nov. 12 -- In a dramatic development shaking global capital markets, Nvidia CEO Jensen Huang abruptly resigned from his position and stepped down from the company, triggering sharp volatility in the chipmaker's shares, which plunged nearly 13 per cent at market open before recovering some losses to trade 4-5 per cent lower at the time of filing this report.

Amid the high-stakes leadership shuffle, US President Donald Trump took to Truth Social to throw his weight behind Apple Chief Executive Tim Cook as the ideal successor, writing, "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!"

Nvidia's Board of Direc...