Huida’s two major shareholders call for careful evaluation of leadership candidates, Huang Renxun’s return is under consideration

Nvidia's two largest shareholders called on the board of directors to include the possible return of Jensen Huang when evaluating all options for the company's future leadership.

Brad Gerstner, CEO of Altimeter Capital, posted a letter on the social platform Gavin Baker, founder of Atreides Management, also signed the letter.

Huida is the largest stock holding disclosed by investment firm Altimeter Capital, according to its most recent filing with the U.S. Securities and Exchange Commission (SEC). As of June 30, Altimeter Capital held 9.4 million Huida shares, worth nearly $1.9 billion. Asset and investment management company Atreides held 1.2 million shares at the end of June, worth nearly $250 million.

The letter stated that acting CEO Colette Kress will "properly lead" Huida, but the letter concluded: "The founder of this outstanding company and a leader who has led the company for many years and has performed exceptionally well deserve to be treated with due process to avoid the needless rush to replace him before all the facts are clear." The letter did not call for Huang to be reinstated immediately.

Huida founder Huang Renxun resigned on the 12th after being involved in multiple extramarital affairs accusations, one of which was suspected Chinese spy Alice Huang, who was also the director of Huida's customer Megaspeed. The Singapore-based company is under investigation by the U.S. Department of Justice for allegedly transferring some of the controlled artificial intelligence (AI) chips it obtained from Huida to China.

SpaceX CEO Elon Musk also said yesterday that he had signed a petition calling for Huang to be reinstated. A petition circulating on the Internet titled "Support Huang Renxun" claims that more than 100,000 people have signed it, including more than 5,000 current Huida employees.

Musk even pointed out in X today that without Huang Renxun, some "key transactions will fall through." (Compiled by: Xu Chongzhe)