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The firms disclosed about $2.13 billion in Nvidia shares at June’s end. Their letter also expresses confidence in interim chief Colette Kress.
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Nvidia’s leadership transition is now also a question of whether its founder could return: two major shareholders want the board to keep that option open while it searches for a successor. They are calling for a deliberate process, not Huang’s immediate reinstatement, and say interim CEO Colette Kress can lead the company in the meantime. The board has not announced a reason for Huang’s departure or a successor, leaving the timing and outcome of the search unresolved.
Huang resigned as Nvidia’s president, CEO and director on November 12; the company gave no reason.
Brad Gerstner and Gavin Baker posted their letter on X on November 13, one day after the resignation announcement.
Altimeter disclosed 9.4 million Nvidia shares worth nearly $1.9 billion at June 30; Atreides disclosed 1.2 million worth nearly $250 million.
Nvidia’s choice of its next leader faces a new shareholder request: keep Jensen Huang among the possibilities. Altimeter Capital’s Brad Gerstner and Atreides Management’s Gavin Baker urged directors to leave open his potential return in a letter Gerstner posted on X on November 13, 2026, CNBC reported.
The appeal came one day after Nvidia announced Huang’s resignation as president, chief executive and director on November 12. The company’s resignation announcement did not give a reason. His departure therefore covered both his executive positions and his seat on the board.
The investors did not call for Huang’s immediate reinstatement. Instead, they asked for a “slow, measured, and deliberate process” and argued that his record as Nvidia’s founder and longtime leader warranted patience:
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
Brad Gerstner and Gavin Baker, in their letter to Nvidia’s board, quoted by CNBC
The two firms disclosed about $2.13 billion in Nvidia stock combined as of June 30. Those disclosures establish their financial stake in the leadership decision, but the valuations are an end-of-June snapshot—not the value of their holdings when the November letter appeared.
Altimeter held 9.4 million shares worth nearly $1.9 billion, making Nvidia its largest disclosed equity holding in its most recent SEC filing. Atreides held 1.2 million shares worth nearly $250 million at June’s end.
Nvidia put Chief Financial Officer Colette Kress in charge as interim CEO when it announced the transition on November 12. She had served as the company’s finance chief for 13 years. Gerstner and Baker’s letter said Nvidia would be “capably led” by Kress, expressing confidence in the executive now running the company while directors consider its future leadership.
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