Business · Companies · 3 hrs ago
Two Nvidia investors urge board to consider Jensen Huang’s return
Two major Nvidia investors urged the board to consider Jensen Huang’s return as the company’s leader.
They asked for a slow, careful review of all leadership options, rather than an immediate decision.
Huang resigned after allegations that included an affair with a woman suspected of being a Chinese spy.
CFO Colette Kress is leading Nvidia on an interim basis while Huang is away.
Supporters say his leadership matters to Nvidia and warn that his absence could set parts of the AI industry back.
The board has not announced a decision on the company’s future leadership.
Two major Nvidia investors urged the board to consider all leadership options, including Jensen Huang’s potential return.
Their letter called for a slow, measured process and did not seek Huang’s immediate reinstatement.
Huang resigned on Thursday amid multiple affair allegations, including one involving a woman suspected of being a Chinese spy.
The board named CFO Colette Kress interim CEO during Huang’s absence.
An online petition calling for Huang’s return drew more than 100,000 signatures according to CNBC, while Hankyung reported about 110,000.
- Who
- Altimeter Capital CEO Brad Gerstner and Atreides Management founder Gavin Baker urged Nvidia’s board to consider leadership options.
- What
- They called for a deliberate process that includes considering Jensen Huang’s potential return. They did not call for his immediate reinstatement.
- When
- The investors posted the letter on Friday, after Huang resigned on Thursday.
- Where
- The letter was posted on X and sent to Nvidia’s board.
- Why
- They said the board should avoid rushing to replace Huang before all the facts are known.
This story does not have two clearly opposing sides.
Jensen Huang resigned, and Nvidia’s board announced that CFO Colette Kress would lead the company in his absence.
Brad Gerstner posted a letter on X urging Nvidia’s board to pursue a deliberate leadership process; Gavin Baker also signed it.
- Investors
- Brad Gerstner of Altimeter Capital and Gavin Baker of Atreides Management
- Altimeter stake
- 9.4 million Nvidia shares, worth nearly $1.9 billion, as of June 30
- Atreides stake
- 1.2 million Nvidia shares, worth nearly $250 million, at the end of June
- Interim CEO
- Colette Kress, Nvidia’s CFO for 13 years
- Petition
- CNBC reported more than 100,000 signatures; Hankyung reported about 110,000
2 sources
What people are saying
pursue a slow, measured, and deliberate process regarding the future leadership of Nvidia
the potential return of Jensen Huang
all options, including Jensen Huang's return, should be on the table and the board should pursue a careful, slow and deliberate process for the best interests of all stakeholders and shareholders
Posts on X
This letter was sent to the Nvidia Board today which we believe outlines the minimum acceptable standards the Board owes shareholders as it manages this difficult situation. Onward. 🫡
Jensen drove supply chain brilliantly at Nvidia, but many of those deals were a handshake with Jensen, not a written contract. Without Jensen, at least some of those critical deals will be lost.