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 document did not call for Huang's immediate reinstatement.