Two investors who identify themselves as Nvidia shareholders urged the U.S. chipmaker’s board to take time choosing a permanent CEO and keep Jensen Huang’s possible return open as an investigation continues.
In a joint letter posted on X, Gerstner and Baker said directors should allow more time for information about recent events to emerge before choosing a permanent successor. “There are more questions about recent events than answers,” they wrote. The letter leaves a return possible but does not ask the board to reinstate Huang immediately.
Securities and Exchange Commission Form 13F filings for the quarter ended June 30 showed Altimeter held 9,413,589 Nvidia shares, valued at $1.88 billion, and Atreides held 1,249,291 shares, valued at $249.97 million. The filings show the firms’ positions at quarter-end, not what they held when the letter was sent.
Nvidia said Nov. 12 that Huang had resigned as president, CEO and a board member, effective immediately. The company appointed Chief Financial Officer Colette Kress interim CEO and said directors would consider internal and external candidates for a permanent successor. Its public announcement did not explain Huang’s departure or say whether a return would be considered. CNBC reported that directors were choosing an outside firm to guide the search, a development EconoTimes covered in its report on the board’s preparations for a permanent CEO search.
The board opened an independent investigation Nov. 8 following reports that Huang had been targeted by a foreign-intelligence effort. It said it had “no reason to believe that either national security or NVIDIA secrets were compromised.” On Nov. 10, Nvidia’s independent directors said they had engaged Joon H. Kim, a former acting U.S. attorney for New York’s Southern District, and the law firm Wachtell, Lipton, Rosen & Katz to handle the inquiry.
In a separate post, Baker said he supported a petition calling for Huang’s immediate reinstatement while the investigation proceeds. That position differs from the joint letter, which asks the board to take a measured approach and keep a return as an option.
Nvidia is scheduled to report fiscal third-quarter 2027 results Tuesday, Nov. 17, at 4:20 p.m. ET, followed by an earnings call at 5 p.m. ET.
