Fired Nvidia CEO Discusses Possible Return to the Company — FT

Jensen Huang, who was removed from his position as CEO of Nvidia, is discussing a possible return to the company with trusted associates, sources told the Financial Times. According to the publication, the former CEO’s allies in Silicon Valley want to secure his reinstatement and are trying to pressure the chipmaker’s board of directors, which voted Thursday to remove Huang.

One of these allies told the FT that he is putting together a “task force” of tech executives and intends to secure the White House’s support. “Everyone who carries weight in the tech industry (...) likes Jensen,” he said, adding that Huang himself supports these efforts.

Over the weekend, the public campaign to bring Huang back as Nvidia’s CEO gained momentum, the publication reports. Elon Musk, CEO of Tesla and SpaceX, and Tim Sweeney, CEO of Epic Games, were among the top executives who supported the public call to the board of directors to “Bring Back Jensen.” Meanwhile, the heads of investment firms Altimeter Capital and Atreides Management—both of which are Nvidia shareholders— posted a letter on social media platform X calling for the selection of Nvidia’s future leadership to be approached “slowly, carefully, and thoughtfully” and to consider, among other options, the possible reinstatement of Huang.

Attempts to entrust him with the leadership of Nvidia once again are likely to face resistance from influential figures in Washington, the FT warns/ On Sunday, U.S. Treasury Secretary Scott Bessent stated that a “radical shake-up” was needed following Huang’s departure and advised seeking a new CEO from outside the company. Meanwhile, the chipmaker’s board of directors is continuing its independent investigation into the former CEO’s conduct.

The scandal surrounding Huang's extramarital affairs and his subsequent resignation led to a plunge in Nvidia's stock price: over the past week, the company lost about $570 billion in market capitalization—the largest loss in its history.

This article was AI-translated and verified by a human editor