Singapore-based billionaire Leo KoGuan vows to halt Nvidia buys after Jensen Huang exit
KoGuan said he will not increase his stake in the tech company with someone else at the helm.
Singapore-based billionaire investor Leo KoGuan has pledged to refrain from increasing his Nvidia stake should Jensen Huang lose his position at the tech company. The billionaire, whose fortune exceeds $13.2 billion, expressed support for Huang on November 13, stating he would not invest further without Huang at the helm. KoGuan, who has already invested around $1.3 billion in Nvidia, described Huang as the "supreme creator" and emphasized the importance of rewarding his achievements over punishing mistakes.
Huang's unexpected dismissal from Nvidia came after reports of three affairs, including one suspected of espionage for China. This abrupt departure marked the end of Huang's decades-long influence over a company at the forefront of artificial intelligence and the global economy. KoGuan, known for his focus on Tesla in the past, began investing in Nvidia last March, making it a notable shift for an investor whose wealth was previously concentrated in a single stock.
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