Nvidia major shareholder Leo KoGuan backs Jensen Huang despite cutting stake

Billionaire investor Leo KoGuan plans to reduce his planned investment in Nvidia while expressing full support for former Chief Executive Officer Jensen Huang. KoGuan stated that Nvidia's growth trajectory remains strong over the next three years and stressed that artificial intelligence is not a bubble, but merely at the beginning.

Support and Declarations

KoGuan signed a virtual declaration to extend his support for Huang, alongside other prominent figures including SpaceX and Tesla CEO Elon Musk and Y Combinator President and CEO Garry Tan. KoGuan previously purchased nearly one million shares of Nvidia in 2026, equivalent to 180 million dollars at the time.

Future Plans

Even though he intends to cut his planned stake in the semiconductor giant and put money into other artificial intelligence firms, KoGuan hopes to invest in a future superintelligence company if Jensen Huang creates or buys one. Huang stepped down on Thursday, November 12, following revelations of extramarital affairs, including one with a suspected Chinese spy, which triggered a sharp crash in company shares. According to NPR Business, Stephen Witt, author of the Jensen Huang biography "The Thinking Machine," noted that Huang led Nvidia for 33 years without cultivating a second-in-command or a succession plan. Following Huang's departure, Chief Financial Officer Colette Kress has stepped in as interim CEO.

Context

Nvidia has grown into one of the most powerful technology companies in the world due to its dominance in the artificial intelligence chip market. Leadership changes at such a massive scale often trigger widespread industry attention and shifts in investor strategies.