Trump Backs Tim Cook as Nvidia CEO. Traders Give Him 6%
By Tobi Opeyemi Amure
AI summary of the source article
Donald Trump endorsed Apple Executive Chair Tim Cook to succeed Jensen Huang as Nvidia's CEO. Polymarket prediction contracts priced Cook's chances at 6%, trailing internal candidates Ian Buck and interim chief Colette Kress.
Key facts
- A Polymarket contract for Tim Cook to become Nvidia CEO traded at 6 cents, implying a 6% probability.
- Nvidia insiders Ian Buck and interim CEO Colette Kress hold 32% and 23% odds, respectively.
- The Tim Cook CEO contract attracted under $2,000 of trading volume within a total book of roughly $486,000.
Source excerpt · FinanceFeeds
Donald Trump has named his choice to run Nvidia, and the market has put a price on it. A Tim Cook Nvidia CEO contract that had never traded before the president’s post last changed hands at 6 cents on Polymarket at 11:01 a.m. Eastern on Thursday, about half an hour later, implying a 6% chance. That leaves the White House pick far behind two Nvidia insiders, Ian Buck at 32% and interim chief Colett…