Stocks
Two major Nvidia shareholders urge board to weigh Huang's return
Altimeter Capital and Atreides Management want a slow, deliberate leadership process under interim CEO Colette Kress.
Nvidia founder Jensen Huang resigned on Thursday. The board named Colette Kress, CFO for 13 years, interim chief executive.
Two major shareholders, Altimeter Capital and Atreides Management, asked the board to weigh all options, including the potential return of Huang. Altimeter held a 9.4 million-share stake worth nearly $1.9 billion at June 30.
The Justice Department is investigating Megaspeed, a Nvidia customer, over possibly redirecting restricted AI chips to China. Lutnick has agreed to testify before the Senate Banking Committee on Dec. 10.
