Musk backs petition to return Jensen Huang as Nvidia CEO

what happened

Elon Musk has voiced support for bringing Jensen Huang back to lead Nvidia, saying he would add his name to a petition seeking the former CEO's reinstatement, according to TradingView. He made the comment in reply to Yun-Ta Tsai, a senior engineer at Tesla Superintelligence, who encouraged Nvidia staff to use their leverage to push for Huang's return. Musk did not name the petition or share a link.

Some Nvidia employees are also asking the board to rethink Huang's exit. An internal post on the company's suggestion platform has drawn more than 1,600 comments, and one worker sent a company-wide email demanding more openness about the departure. CFO Colette Kress is acting as interim CEO while the board weighs internal and external candidates. The Financial Times reported that the board has approached Arm chief Rene Haas, though no offer is assured.

why it matters

Huang stepped down on November 12 amid an inquiry prompted by reports of extramarital relationships and possible foreign intelligence interest; the board says it has no reason to think US national security or trade secrets were compromised. Nvidia shares fell 4.3% on November 12, dropped as much as 14% intraday, and lost another 3% on November 13, extending a six-week losing streak. Leadership uncertainty is the main source of pressure for now.

market impact

Nvidia shares: leadership uncertainty and staff unrest keep pressure on the stock

• ▼Nvidia shares pressure down — leadership uncertainty extends the six-week losing streak

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