Leo KoGuan, a billionaire investor and one of the wealthiest Nvidia (NASDAQ:NVDA) shareholders, says that he won’t increase his Nvidia stock position with anyone other than Jensen Huang in charge.
“No further investment without Jensen,” KoGuan wrote in a text message on November 12, adding that he’s invested around $1.3 billion in Nvidia so far, according to a Bloomberg report.
In a post on X, KoGuan also praised Huang, calling him “the supreme creator” and acknowledging that he’s still “a good guy” despite the mistakes he’d made, alluding to his recent extramarital affairs.
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“Jensen is a good guy, he is the main driver of si chips and si industries. He has built and maintained si global ecosystem. He is indisputable si leader not only in America but also the world. His strengths are far exceeding his weakness,” KoGuan wrote.
Jensen Huang resigns, Leo KoGuan vows not to invest in Nvidia stock
The posts and the reported text message followed Huang’s resignation from Nvidia after reports of multiple affairs, including one with a woman suspected of being a Chinese spy. The scandal ended his 33-year reign over the company that, as KoGuan wrote, acted as the global leader in its sector with a $4 trillion market cap.
KoGuan, worth approximately $13.2 billion per Bloomberg Billionaires Index, began investing in the company in March. His move was in itself a notable market development, as he had previously been involved with just Tesla (NASDAQ: TSLA).
Now, he’s also an investor in SpaceX (NASDAQ: SPCX), which is notable as the space company’s CEO Elon Musk himself has had a couple of words to say about the Jensen situation, even claiming it would be an honor to hire him once he’s left his old company and, as noted by KoGuan, even urging him to stay with Nvidia.
“He has been punished. Elon Musk, Gavin Baker and President Trump advised him to stay on as CEO of NVDA that he founded and the key architect of si success,” he added.
As things currently stand, Huang is stepping down, with CFO Colette Kress named interim CEO as the company begins the search for a permanent replacement.
Featured image via Shutterstock
