Chinese billionaire halts Nvidia investments pending Jensen Huang's return
Leo KoGuan said he will stop adding to his Nvidia holdings until the founder resumes his role as CEO, while planning to increase stakes in other tech firms.
Leo KoGuan, a Singapore-based billionaire and co-founder of SHI International, told Bloomberg that he will not make further investments in Nvidia without its founder Jensen Huang returning as chief executive. KoGuan, whose fortune is estimated at $13.2 billion, said he will vote against the company with his portfolio despite believing its three-year outlook remains unchanged.
He added that he intends to allocate more capital to companies such as SpaceX and Alphabet, and reiterated his confidence that artificial intelligence is not a bubble. KoGuan also expressed support for Huang, calling him a "good guy" and urging Nvidia’s board to retain him as CEO.
Nvidia’s shares have fallen after Huang disclosed an extramarital affair and subsequently resigned, prompting concerns about the chipmaker’s future direction. Investors such as Tomasz Tunguz of Theory Ventures noted the broader impact on the AI sector, describing Nvidia as a central financial force for the industry.