Altimeter, Atreides urge Nvidia board to keep Huang return open

Two Nvidia shareholders whose funds together held about $2.1 billion of the stock as of June have asked the board not to rush a permanent replacement for Jensen Huang. In a joint letter reported by CNBC, Altimeter Capital's Brad Gerstner and Atreides Management's Gavin Baker urged a "slow, measured and deliberate" CEO search that leaves open "the potential return of Jensen Huang."

The letter stops short of demanding reinstatement. "If after all the facts are known the Board decides that it is not in shareholders' best interest to have Jensen Huang back as CEO, that is the Board's prerogative," Gerstner and Baker wrote, adding that there are "more questions than answers" about recent events.

In the meantime, the two investors argued, "the company will be capably led in the interim by Colette Kress and team." Kress served as Nvidia's CFO for 13 years before the board named her interim chief executive in a November 12 Form 8-K, the same day Huang resigned as president, CEO and director amid an independent board investigation.

Gerstner posted the one-page letter on X late Friday; Baker followed within the hour. It lands in a fast-moving run of Huang coverage on our tracker, including Nathan Lambert's argument that the exit is a setback for US open-source AI.