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Nvidia: Billionaire Leo KoGuan will no longer invest without Jensen Huang

Billionaire Leo KoGuan, who claims to have invested around $1.3 billion in Nvidia, announces that he will no longer buy shares in the group following the resignation of Jensen Huang. Despite his confidence in the…

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Cryptoast
Newswire · 5 h ago
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Nvidia: Billionaire Leo KoGuan will no longer invest without Jensen Huang

Home » Crypto News » AI News » Nvidia: Billionaire Leo KoGuan will no longer invest without Jensen Huang

https://cryptoast.fr/nvidia-leo-koguan-stoppe-investments-sans-jensen-huang/

“No more investment without Jensen. » In a message addressed to Bloomberg, Leo KoGuan announces that he will no longer increase his stake in Nvidia after the departure of Jensen Huang. The billionaire claims to have invested around $1.3 billion in the group, an amount that could not be independently verified.

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He began buying stocks in March, diversifying a portfolio long focused on Tesla. His objective was then to turn to companies that he associated with “super-intelligence”.

The move doesn't mean he doubts Nvidia's prospects. According to him, the group's trajectory for the next three years remains unchanged. However, it plans to redirect its investments towards other advanced artificial intelligence companies. In particular, he hopes to participate in the financing of a company that Jensen Huang could create or buy.

In several publications on While acknowledging his personal mistakes, he believes that his achievements should carry more weight. His loyalty to the founder thus takes precedence over his desire to increase his investment in Nvidia.

This support comes as Nvidia is going through a governance crisis. Jensen Huang left office after revelations of extramarital affairs, including one with a woman suspected of links to Chinese intelligence services. These suspicions have not been established.

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According to press reports, the board of directors opened an investigation, without finding at this stage any reason to believe that company secrets or national security had been compromised. Nvidia, however, did not specify the reasons for the departure in its official announcement.

The SEC filing states that the board accepted Jensen Huang's resignation on November 11, effective immediately. The co-founder leaves his positions as president, general manager and director. Colette Kress, financial director since 2013, is acting in the interim while maintaining her financial responsibilities.

Nvidia is now looking for a permanent successor, among internal and external candidates. Its quarterly results, expected on November 17, will be a first meeting to clarify the group's prospects after the departure of its founder.

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Source · Cryptoast ↗

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The reports
  1. Cryptoast
    14 Nov, 09:58
Trust score: 77/100
Publisher Cryptoast (general tier)+72
Checkable figures cited+3
Detailed summary+2
Total77

Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.