Top Nvidia Shareholders Urge Board To Consider Jensen Huang’s Return

Two of Nvidia’s most prominent shareholders are pushing the company’s board to carefully consider every path forward for its leadership, explicitly leaving the door open to “the potential return of Jensen Huang.”In a letter posted to X on Friday, Altimeter Capital CEO Brad Gerstner called on Nvidia’s board to “pursue a slow, measured, and deliberate process regarding the future leadership of Nvidia.” The letter was co-signed by Gavin Baker of Atreides Management.The stakes for both firms are substantial. Altimeter’s most recent SEC filing listed Nvidia as its largest disclosed equity position, a 9.4 million-share stake worth nearly $1.9 billion as of June 30. Atreides held roughly 1.2 million shares, valued at close to $250 million at the same point.The letter acknowledged that Nvidia is currently in capable hands under interim CEO Colette Kress, who spent 13 years as the company’s CFO before the board tapped her to lead in Mr. Huang’s absence on Thursday. Still, the shareholders argued that Mr. Huang’s legacy warrants patience rather than a hasty succession decision.“The founder and longtime incredible leader of this extraordinary company has earned the right for a deliberate process that avoids any needless rush to replace him before all the facts are known,” the letter says. Notably, the document stopped short of demanding Mr. Huang’s immediate reinstatement.Mr. Huang stepped down Thursday following allegations of multiple affairs, including a relationship with Alice Huang, a woman suspected of being a Chinese intelligence asset. Alice Huang had ties to Megaspeed, a Nvidia customer now under Justice Department investigation for allegedly rerouting restricted Nvidia AI chips to China.The shareholder letter arrives alongside a wave of public support for Mr. Huang. A petition titled “Stand with Jensen” has reportedly gathered more than 100,000 signatures, including more than 5,000 current Nvidia employees. SpaceX CEO Elon Musk said Friday on X that he had signed the petition, and followed up Saturday with a warning. “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,” the billionaire wrote.Separately, a letter sent Friday called on the U.S. secretary of commerce, Howard Lutnick,to testify before the House Intelligence Committee regarding Megaspeed. Mr. Lutnick has already agreed to appear before the Senate Banking Committee on December 10 to address whether his department is “properly performing its broader role of preventing China from acquiring advanced AI chips,” according to that letter. Mr. Huang has also been asked to testify.According to The New York Times, the Commerce Department’s original investigation into Megaspeed was transferred to the Justice Department in 2025 after Nvidia’s legal counsel contacted a senior Commerce official.President Trump does not intend to raise the Nvidia matter during talks with President Xi Jinping when he travels to China this week, U.S. officials say. Mr. Musk is expected to accompany Mr. Trump to the Asia-Pacific Economic Cooperation summit at Shenzhen beginning Wednesday.

Top Nvidia Shareholders Urge Board To Consider Jensen Huang’s Return

Top Nvidia Shareholders Urge Board To Consider Jensen Huang’s Return

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