Chairman of Victory Giant Technology Chen Tao speaks at the launch of his company's IPO at the Hong Kong Exchanges and Clearing Limited (HKEX) In Hong Kong on April 21, 2026. (Photo by Peter PARKS / AFP via Getty Images)

Chairman of Victory Giant Technology Chen Tao speaks at the launch of his company's IPO at the Hong Kong Exchanges and Clearing Limited (HKEX) In Hong Kong on April 21, 2026. (Photo by Peter PARKS / AFP via Getty Images)

Chairman of Victory Giant Technology Chen Tao speaks at the launch of his company's IPO at the Hong Kong Exchanges and Clearing Limited (HKEX) In Hong Kong on April 21, 2026. (Photo by Peter PARKS / AFP via Getty Images)

The logo for Victory Giant Technology is seen at the Hong Kong Exchanges and Clearing Limited (HKEX) In Hong Kong on April 21, 2026. (Photo by Peter PARKS / AFP via Getty Images)

(FILES) Apple CEO Tim Cook speaks during the annual Apple "Worldwide Developers Conference" (WWDC) at Apple Park, the corporate headquarters of Apple Inc., in Cupertino, California on June 9, 2025. Apple announced on April 20, 2026 that Cook would step down in September, handing the chief executive job to company veteran John Ternus. (Photo by Josh Edelson / AFP via Getty Images) / ALTERNATE CROP

(FILES) This handout released and taken on November 10, 2020 by Apple inc. shows Apple's vice president of Hardware Engineering John Ternus unveiling M1, the first chip designed specifically for the Mac during a special event at Apple Park in Cupertino, California. Apple announced on April 20, 2026 that CEO Tim Cook would step down in September, handing the chief executive job to company veteran John Ternus. (Photo by Handout / Apple Inc. / AFP via Getty Images) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO /Apple Inc. " - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

FILE - APRIL 20, 2026: It was reported that John Ternus, a senior vice president of hardware engineering at Apple, is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1 of this year, April 20, 2026. SUN VALLEY, IDAHO - JULY 08: Apple CEO Tim Cook arrives at the Sun Valley lodge for the Allen & Company Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

(FILES) Apple CEO Tim Cook speaks during Apple's "Awe-Dropping" event at the Steve Jobs Theater on the Apple Park campus in Cupertino, California, on September 9, 2025. Apple announced on April 20, 2026 that Cook would step down in September. (Photo by Nic Coury / AFP via Getty Images)