Altimeter, Atreides urge Nvidia board to keep door open for Jensen Huang's return as CEO

Two prominent investors, Altimeter Capital Management and Atreides Management, have appealed to Nvidia's board to keep the door open for Jensen Huang to potentially return as CEO. The two firms wrote a letter to the company's board urging a cautious succession process following Huang's sudden resignation. In the letter, Altimeter CEO Brad Gerstner and Atreides Managing Partner and Chief Investment Officer Gavin Baker emphasized that the board should not rush to appoint a permanent successor before fully understanding the implications of Huang's departure.

The investors noted that Huang's leadership had been exceptionally successful over a long period, and given the uncertainty surrounding his resignation, a slow and deliberate process would be in the best interest of all stakeholders, particularly Nvidia's shareholders. They also stressed that all options, including Huang's potential return, should remain on the table during the transition.

The letter expressed confidence in interim CEO Colette Kress and her team, stating that the company would be competently led during the transition. Other potential candidates being considered for the CEO position include Arm Holdings CEO Rene Haas. However, Nvidia has not announced a permanent successor yet. The leadership transition occurred amid controversy over Huang's alleged relationships with several women, which sparked controversy and led to his resignation.

Huang later apologized for his actions. Meanwhile, Elon Musk and US President Donald Trump have expressed support for Huang's reinstatement. Nvidia's board is currently investigating the allegations, while the company is set to report its third-quarter fiscal 2027 results on November 17.