AJP Asia Intelligence Agency

NVIDIA Shareholders Demand Jensen Huang's Return Amid Scandal

Calls for the return of Jensen Huang, the former CEO of NVIDIA who stepped down amid an affair scandal, are growing louder.


On November 14, Brad Gastner, CEO of Altimeter Capital, and Gavin Baker, founder of Atreides Management, announced via X (formerly Twitter) that they had sent a letter to NVIDIA's board urging them to consider the possibility of Huang's return.


They emphasized Huang's achievements during his 33 years leading NVIDIA, arguing that rushing to appoint a successor before the facts surrounding the allegations are fully clarified may not align with shareholder interests.


While they did not demand an immediate reinstatement, they stated that interim CEO Colette Kress and the current management team could lead the company, and that a decision on Huang's return should be made after all facts are confirmed.


Online, the demand for Huang's return continues to gain traction. The 'Stand with Jensen' petition calling for his reinstatement has garnered nearly 110,000 signatures. Prominent figures in the tech industry, including Elon Musk, CEO of Tesla, and Tim Sweeney, CEO of Epic Games, have expressed their support.


Petitioners argue that Huang did not receive a fair opportunity to explain himself before his departure and demand that he be allowed to return until an independent investigation concludes or that the board provide specific reasons for his exit.


Meanwhile, NVIDIA announced on November 8 that it would initiate an independent investigation into allegations involving Huang and foreign intelligence agencies. The board stated that there was no credible evidence suggesting a breach of national security or company confidentiality, but it committed to investigating the related facts.


On November 10, NVIDIA appointed Jun Kim, a former acting U.S. Attorney for the Southern District of New York, and the law firm Wachtell Lipton to oversee the external investigation. Huang stepped down from his position as CEO and board member on November 11, with NVIDIA officially announcing this on November 12.


Currently, Kress, the Chief Financial Officer, is serving as interim CEO, and the board is in the process of selecting a new CEO from both internal and external candidates.





* This article has been translated by AI.