Jensen Huang Petition to Reinstate Him Draws Musk’s Signature
Elon Musk, Tom Lee and Tobi Lutke have signed a petition urging Nvidia's board to reinstate Jensen Huang as CEO. Backers want an independent investigation first. Nvidia shares fell more than 2% in regular trading, and interim CEO Colette Kress is running the company.
Tesla CEO Elon Musk, Fundstrat's Tom Lee and Shopify CEO Tobi Lutke have signed a petition to reinstate Jensen Huang as chief executive of Nvidia, days after Huang stepped down. The Jensen Huang petition, titled "Stand with Jensen," had about 36,000 signatures at the time of writing.
Musk announced his signature on X. "A petition is underway to reinstate Jensen and I'm signing it too," he wrote.
What the petition asks for
The signatories want Huang back in the job while an independent investigation establishes the facts about the allegations surrounding him. They say he should remain accountable, but argue that accountability must rest on evidence and a fair hearing.
The open letter praises Huang for spending 33 years building Nvidia. It says his leadership deserves fairness and due process, not an abrupt removal.
It also raises a specific concern. The signers say they have not been shown evidence for the allegation that the woman at the center of the controversy was a spy.
The group urges Nvidia's board to take four steps: ensure an independent investigation, give Huang a fair chance to respond, disclose the inquiry's scope and timeline, and publicly explain the evidence and reasoning behind its decisions.
Who has signed
The petition's tracker lists nearly 2,700 current Nvidia employees among its signers. Over 20,000 current Nvidia shareholders are said to have pledged support for Huang's return.
How the exit unfolded
Huang announced that he was stepping down as Nvidia CEO, president and board member, effective immediately. Chief Financial Officer Colette Kress is now interim CEO while the company searches for a successor.
His departure followed reports about his extramarital affairs. Those reports included relationships with an alleged Chinese intelligence asset and with an executive who reported directly to him.
Market reaction
Nvidia shares fell more than 2% in regular trading and slid more than 1% further in after-hours trading. The stock is down 13% so far this year.
The S&P 500 ETF (SPY) and the Invesco QQQ Trust (QQQ) are each up 12% over the past 12 months. Retail investor sentiment on the Stocktwits platform remained in "extremely bullish" territory around Nvidia at the time of writing.
Nvidia's board has not publicly responded to the petition in the information available so far.
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