Two major shareholders urge Nvidia's board to consider the possibility of Jensen Huang's return
Nvidia board urged to consider 'potential return of Jensen Huang' by two major investors
Altimeter Capital CEO Brad Gerstner and Atreides Management's Gavin Baker published a joint letter on X on Friday, urging Nvidia's board to adopt a slow and deliberate process regarding future leadership, including considering the possibility of Jensen Huang's return, but did not call for his immediate reinstatement. Jensen Huang resigned on Thursday amid multiple extramarital affair allegations, including allegations involving Alice Huang, a suspected Chinese spy who had worked with Nvidia customer Megaspeed; Megaspeed is under Department of Justice investigation over suspected diversion of Nvidia's restricted AI chips to China. As of June 30, Altimeter held 9.4 million Nvidia shares worth nearly $1.9 billion, and Atreides held 1.2 million shares worth nearly $250 million. The letter said interim CEO Colette Kress is capable of leading the company.
Two major shareholders sent a letter to Nvidia's board, asking for deliberate consideration of issues including Jensen Huang's return, reflecting investors' stance in this leadership crisis.