Nvidia's Major Investors Urge Board to Consider 'Option of Jensen Huang's Return'

[Financial News]  

Two of Nvidia's major investors urged the board to consider all options for the company's future leadership, including Jensen Huang's potential return.
According to CNBC on the 14th (local time), Brad Gerstner, CEO of Altimeter Capital, posted on social media platform X on the 13th a letter to Nvidia's board containing this appeal.
The letter, co-signed by Gerstner and Gavin Baker, CEO of Atreides Management, urged Nvidia's board to "follow a slow, carefully planned and deliberate process regarding Nvidia's future leadership."
Recent filings with the U.S. Securities and Exchange Commission (SEC) show that Nvidia is Altimeter Capital's largest portfolio holding, with 9.4 million shares as of June 30. They are worth about $1.9 billion. At the end of June, Atreides held 1.2 million Nvidia shares worth about $250 million.
In the letter, they said interim CEO Colette Kress was capable of leading Nvidia. Kress has served as Nvidia's chief financial officer (CFO) for 13 years.
They noted, "However, the founder and leader who has achieved remarkable success over many years at this exceptional company (Jensen Huang) is entitled to a careful process that avoids a hasty replacement before all the facts are established." The letter did not name Jensen Huang directly.
Jensen Huang resigned on the 12th amid a succession of rumors, including an affair with Alice Huang, who is suspected of being a Chinese spy.
SpaceX CEO Elon Musk said in a post on X on the 13th that he had signed a petition calling for Huang's return as CEO. The petition is circulating online under the name "Stand with Jensen." About 100,000 people have already signed it, including about 5,000 Nvidia employees.
On the 14th, Musk also warned in a post on X that Nvidia without Huang "would lose key contracts," without naming Jensen Huang directly.

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