Nvidia’s two largest shareholders jointly sent a letter to the board today with one message: don’t rush to name a successor; leave Jensen Huang a way back. Altimeter and Atreides are both major investors in the company. The letter said interim CEO Colette Kress can hold the fort, and the board has plenty of time to get the facts straight.
Huang stepped down last Thursday amid multiple allegations. The stock has fallen for six straight weeks, wiping out $1.84 trillion. A petition calling for his return reportedly has more than 100,000 signatures, including over 5,000 current employees—and even Elon Musk signed it, ha. The real test comes after market close on Tuesday, with analysts watching revenue of $109 billion. If the company can’t deliver that number, changing the CEO won’t help much, will it?
Huang stepped down last Thursday amid multiple allegations. The stock has fallen for six straight weeks, wiping out $1.84 trillion. A petition calling for his return reportedly has more than 100,000 signatures, including over 5,000 current employees—and even Elon Musk signed it, ha. The real test comes after market close on Tuesday, with analysts watching revenue of $109 billion. If the company can’t deliver that number, changing the CEO won’t help much, will it?