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Nvidia's board accepted Jensen Huang's resignation on Nov. 11. He keeps about 812 million shares worth roughly $132 billion, while allies lobby for his comeback.
Nvidia's board accepted founder Jensen Huang's resignation on Nov. 11, according to Yahoo Finance. Huang leaves the company with about 812 million shares worth roughly $132 billion at Friday's close, making him Nvidia's largest individual owner. He also walks away from about $108 million in unvested stock awards.
The New York Post reported that Huang resigned over allegations involving a Chinese spy and employee affairs. The Post cited the Financial Times as reporting that Huang's allies have assembled a "war room" of Silicon Valley executives to lobby for his return, including outreach to the White House.
"Everyone that matters in tech outside the frontier labs loves Jensen," one ally told the Financial Times, as quoted by the New York Post.
SpaceX CEO Elon Musk and Epic Games chief Tim Sweeney joined what the New York Post described as a "Bring Jensen Back" campaign demanding Huang's return.
Treasury Secretary Scott Bessent said the board needs to look outside the company for leadership and that the chip maker needs a "dramatic shakeup," according to the New York Post.
Nvidia stock closed Friday at its lowest level since July 2025, about 32% below its Oct. 6 record, Yahoo Finance reported.
Legally, Huang can sell shares now. For three months after leaving, he still counts as a company insider, so any big sale needs a public notice filed with the Securities and Exchange Commission. About 70 million shares, worth about $11 billion, are in Huang's own name, according to his SEC filings. The other 740 million or so, worth about $121 billion, sit in family trusts, including one he runs with his wife, Lori.
Huang's departure removes the leader of the world's most important AI chipmaker, according to Yahoo Finance. His potential stock sales are seen as an overhang on the trade, and Nvidia had $235 billion left on its buyback as of Sept. 28, enough to soak up every share he owns.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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Former Nvidia CEO Jensen Huang is discussing a potential comeback with confidants as allies lobby the board for his reinstatement, the Financial Times reports.
Jensen Huang is considering a comeback as Nvidia's chief executive and has discussed returning with confidantes, the Financial Times reports, citing people familiar with the matter.
