Two major Nvidia investors urge board to leave door open to a Jensen Huang return

Two major Nvidia shareholders asked the company's board on Saturday to keep open the possibility of Jensen Huang's return as it searches for a chief executive. Altimeter Capital's Brad Gerstner and Atreides Management's Gavin Baker made the request.

What happened

Gerstner and Baker asked the board to run a slow, deliberate CEO search. They want that process to leave room for the potential return of Huang, the Nvidia co-founder named in their request.

The two firms are sizable holders. Their combined Nvidia position, as reported for June 30, came to about $2.13 billion. That is the most recent holdings date given for the two firms.

Why it matters

Nvidia is a large listed company, and the choice of its chief executive is among the most consequential decisions a board makes. When two named investors speak publicly on the process, shareholders and analysts take note of how the board responds.

The request is about process as much as about a person. Gerstner and Baker are not asking for a quick appointment. They are asking for a measured search that does not rule out a return by Huang.

The holdings figure gives the request context. Roughly $2.13 billion across both firms is a meaningful position, though the figure dates from June 30 and may no longer reflect their current stakes. For investors, the episode shows that large holders are engaging with the board on leadership, a factor that can shape how the market reads the company's governance.

What to watch next

The first open question is whether the board responds to the request. Nvidia has not set out, in the material available, how it will handle the search or whether it will accept the investors' suggestion.

Investors will also look for any update on the timetable for a CEO decision. The two firms asked for a slow process, so a lengthy search would match their request. Any further public statement from Altimeter or Atreides would add to the picture of how much shareholder support the proposal has.

What to expect at the open

The request came on a Saturday, with US markets closed. Nvidia shares next trade when Asia opens on Monday morning, followed by Europe and then the United States. No scheduled events or price quotes tied to this story are available, so the first public reaction from the board or other shareholders will be the item to follow as the new week begins.