Billionaire Leo KoGuan, who says he invested around $1.3 billion in Nvidia, announces that he will no longer buy shares in the company following Jensen Huang's resignation. Despite his confidence in the company's prospects, he prefers to redirect his investments toward other companies specializing in AI and hopes to fund future projects by its founder.
Leo KoGuan stops buying Nvidia shares
“No more investment without Jensen.” In a message to Bloomberg, Leo KoGuan announces that he will no longer increase his stake in Nvidia following Jensen Huang's departure. The billionaire says he invested around $1.3 billion in the company, an amount that could not be independently verified.
He began buying shares in March, thereby diversifying a portfolio long concentrated in Tesla. At the time, he wanted to turn toward companies he associates with “superintelligence.”
This decision does not mean he doubts Nvidia's prospects. In his view, the company's trajectory over the next three years remains unchanged. However, he plans to redirect his investments toward other advanced artificial intelligence companies. In particular, he hopes to help fund a company that Jensen Huang could start or acquire.
In several posts on X, Leo KoGuan calls the former executive a “supreme creator” and praises his role in developing chips and the AI economy. While acknowledging his personal mistakes, he believes his achievements should count for more. His loyalty to the founder thus outweighs his desire to increase his stake in Nvidia.
Nvidia prepares for Jensen Huang's succession
This support comes as Nvidia faces a governance crisis. Jensen Huang left his positions following revelations about extramarital affairs, including one with a woman suspected of having ties to Chinese intelligence services. These suspicions are unsubstantiated.
According to press reports, the board of directors opened an investigation, but so far has found no reason to believe that company secrets or national security were compromised. Nvidia, however, did not specify the reasons for the departure in its official announcement.
The filing with the SEC indicates that the board accepted Jensen Huang's resignation on November 11, effective immediately. The co-founder is leaving his posts as chairman, chief executive officer, and director. Colette Kress, chief financial officer since 2013, is serving as interim head while retaining her financial duties.
Nvidia is now searching for a permanent successor, either from within the company or from outside. The quarterly results expected on November 17 will be an early opportunity to clarify the company's prospects following its founder's departure.
