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Nvidia board urged to consider 'potential return of Jensen Huang'
CNBC • • business
Key Points:
- Two major Nvidia shareholders, Altimeter Capital and Atreides Management, have urged the board to consider all leadership options, including the possible return of founder Jensen Huang, following his recent resignation amid affair allegations.
- Interim CEO Colette Kress, Nvidia’s former CFO, is acknowledged as capable, but shareholders call for a deliberate leadership transition without rushing to replace Huang prematurely.
- Huang resigned after allegations involving a suspected Chinese spy linked to Nvidia customer Megaspeed, which is under Justice Department investigation for potentially redirecting restricted AI chips to China.
- Elon Musk and a petition with over 100,000 signatures, including Nvidia employees, support Huang’s reinstatement, warning that his absence could jeopardize critical deals.
- U.S. officials are preparing for testimony from Commerce Secretary Howard Lutnick and Jensen Huang regarding the Megaspeed investigation, while President Trump’s upcoming China visit will not address the Nvidia espionage issue.
