Singapore-based billionaire investor Leo KoGuan says no further investment in Nvidia after Jensen Huang's resignation
Leo KoGuan, a billionaire investor based in Singapore, has said he will not raise his stake in Nvidia after Jensen Huang resigned as the chipmaker's CEO.
Singapore-based billionaire investor Leo KoGuan announced on Friday that he would not invest further in Nvidia following the resignation of CEO Jensen Huang. KoGuan, who has poured around $1.3 billion into the company, made his stance clear in a message to Bloomberg. Huang's departure followed reports of several alleged affairs, one involving a woman suspected of being a Chinese spy. Beijing has denied these espionage claims.
The scandal effectively marked the end of Huang's three-decade-long leadership of Nvidia, a company that has been instrumental in driving the global artificial intelligence boom. KoGuan defended Huang on social media platform X, describing him as "the supreme creator" of the super-intelligence industry and chips. Despite acknowledging Huang's mistakes, KoGuan urged prioritizing rewards over punishments and defended Huang as a "good guy" and an "indisputable super-intelligence leader" both in America and globally.
KoGuan, born in Indonesia, began investing in Nvidia in March when he purchased 1 million shares, valued at $180.05 million at the time. Forbes reported. Previously, KoGuan was one of Tesla's biggest individual shareholders, but he claimed in 2024 that he had begun reducing his investment in the electric-car manufacturer. KoGuan also founded IT solutions provider SHI International and serves as its chairman.
As of September, Forbes ranked KoGuan as Singapore's ninth-richest individual, with a net worth estimated at $8.6 billion.
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