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Nvidia's board starts looking for a new CEO; FT says it approached Arm's boss

Nvidia's board told CNBC it is choosing a search firm to find a successor to Jensen Huang and has not formally approached any candidates. The Financial Times, citing sources, reports that the board has approached Rene Haas, the CEO of chip designer Arm, who worked at Nvidia more than a decade ago. President Trump has said former Apple CEO Tim Cook should run the company. The New York Times reports that Wall Street fears Nvidia's deals will slow, and sources say its $500 billion lending group is in flux.

Hype check: Several names are floating around, but the board says no one has been formally approached. Finance chief Colette Kress is running the company for now.
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