Two prominent private equity investors whose firms own a significant amount of NVIDIA (NVDA) shares are calling on its board to take its time in determining future leadership of the chipmaker, "including the potential return of Jensen Huang."
Altimeter Capital Management CEO Brad Gerstner and Atreides Management Managing Partner and Chief Investment Officer Gavin Baker sent a letter to the board on Friday. It was posted on X.
"We believe the Board should avoid a rush to replace Jensen that undermines and thwarts the best interests of shareholders."
The pair said that if, after all the facts are known, Jensen is barred from returning as CEO, "that is the Board's prerogative.
"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."
Based on their most recent SEC filings, Altimeter has ~9.4 million NVIDIA shares, while Atreides has ~1.2 million shares.
