Jensen Huang stepped down on Thursday, November 12, following personal scandals that involved a suspected Chinese spy and caused Nvidia's stock to plummet. In response, billionaire shareholder Leo KoGuan signed a virtual declaration of support alongside Elon Musk and Garry Tan, calling Huang's value to the business indescribable. Although KoGuan believes Nvidia's growth trajectory is secure for the next three years, he has decided to scale back planned outlays and will not allocate further capital to the firm without Huang at the helm. He previously bought roughly 1 million Nvidia shares valued at $180 million back in 2026.
Key points
KoGuan will halt additional investments in Nvidia and instead intends to direct capital t…: KoGuan will halt additional investments in Nvidia and instead intends to direct capital toward competing super intelligence businesses.
The investor expressed explicit interest in providing direct funding to any new enterpris…: The investor expressed explicit interest in providing direct funding to any new enterprise that Huang creates or purchases in the future.
Despite recent corporate turmoil, KoGuan rejected concerns of an artificial intelligence…: Despite recent corporate turmoil, KoGuan rejected concerns of an artificial intelligence bubble, asserting that the sector remains in its beginning stages.
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Billionaire investor Leo KoGuan has come out in full support for Jensen Huang after his resignation as Nvidia Chief Executive Officer (CEO). Stressing on Huang’s importance ‘beyond description,’ Leo KoGuan, suggested that he would reduce his planned investment in the artificial intelligence (AI) chipmaker firm.
Apart from indicating his plans to cut investment in Nvidia, he also signed a virtual declaration to extend his support form Jensen Huang. Not only KoGuan, SpaceX and Tesla CEO Elon Musk, Garry Tan, President & CEO of Y Combinator, etc have also signed the declaration.
Why Leo KoGuan will not add more stake in Nvidia?
While maintaining that Nvidia’s growth trajectory remained intact over the last few years, KoGuan said that he will reduce his planned investment in the American semiconductor giant. He also expressed his interest in putting money in other AI firms.
“In the next 3 years, nothing has changed on NVDA’s trajectory. However, I will reduce my plan investment in NVDA,” KoGuan said in his latest social media post on X. He also mentioned that he would invest more in other…
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