Shareholders Brad Gerstner and Gavin Baker sent a letter asking the board to avoid a rushed replacement process before full details emerge regarding the allegations against Huang. His resignation arrived as the Justice Department investigates whether Singapore-based firm Megaspeed redirected restricted hardware to Chinese entities through Huang's associate. Prominent industry figures like Elon Musk have endorsed public petitions demanding his reinstatement, warning of lost business deals. Additionally, Commerce Secretary Howard Lutnick has agreed to testify about the matter before the Senate Banking Committee next month.
Key points
An online petition demanding Huang's return has collected over 100,000 signatures and rec…: An online petition demanding Huang's return has collected over 100,000 signatures and received public backing from Elon Musk.
Commerce Secretary Howard Lutnick and Jensen Huang have both been asked to appear before…: Commerce Secretary Howard Lutnick and Jensen Huang have both been asked to appear before the Senate Banking Committee on Dec. 10.
President Donald Trump is not expected to address the Nvidia investigation or the alleged…: President Donald Trump is not expected to address the Nvidia investigation or the alleged spy affair during the upcoming APEC summit.
Sources checked by our analysis pipeline: 1
Two major Nvidia shareholders are calling on the board of directors to weigh all options for the company's future leadership, including "the potential return of Jensen Huang."
Altimeter Capital CEO Brad Gerstner posted a letter on X on Friday that urges Nvidia's board to "pursue a slow, measured, and deliberate process regarding the future leadership of Nvidia." The letter is also signed by Atreides Management's Gavin Baker.
Nvidia was Altimeter Capital's largest disclosed equity holding in its most recent SEC filing, with a 9.4 million-share stake worth nearly $1.9 billion as of June 30. Atreides held 1.2 million shares worth nearly $250 million at the end of June.
The letter said Nvidia will be "capably led" by interim CEO Colette Kress, who served as Nvidia's CFO for 13 years before the board announced Thursday that she'd lead the company in Huang's absence.
"But the Founder and long time 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 concludes. The…
High-net-worth individuals, corporate executives, and younger consumers across India are driving an unprecedented shift in luxury jewellery spending. Limited mining supplies and strong collector interest have fueled rapid price appreciation for rare, untreated mineral specimens. This surging appetite has prompted major retail chains to allocate a significantly larger share of their inventories to studded designs.
Travelers across the country are facing widespread schedule disruptions as aviation authorities work to restore standard operational capacity following an unprecedented system shutdown. The resulting operational backlog has left passenger schedules severely compromised while carriers and airports nationwide coordinate recovery efforts.
Federal and state regulators took action after finding systematic discrepancies between shelf tags, digital ads, and the actual register prices across thousands of nationwide locations. The widespread practice disproportionately harmed low-income shoppers who rely heavily on the discount chain for household necessities. Beyond direct financial restitution, the resolution forces the retail chain to overhaul its in-store auditing procedures to prevent persistent pricing errors.