Can Elon Musk Bring Jensen Huang Back as Nvidia CEO?

Elon Musk has publicly backed Jensen Huang's return as Nvidia CEO after Huang resigned on November 12 amid an investigation into his ties to a woman US officials link to Chinese intelligence. Nvidia shares fell 11% following Huang's resignation.

The decision rests with Nvidia's board, which controls executive appointments under company bylaws. A majority of the six remaining directors would need to vote Huang back into the position, as shareholders have no direct say in CEO selection.

Musk's Petition

Despite having no board seat, Musk has thrown his weight behind Huang's reinstatement. "A petition is underway to reinstate Jensen and I'm signing it too," Musk stated. An internal post at Nvidia urging Huang's return has already attracted over 1,600 comments.

Investigation Hurdles

The board's investigation poses a significant obstacle. On November 8, directors began examining whether a foreign spy operation targeted Huang, later hiring law firm Wachtell Lipton. Bloomberg reported directors left Huang no option but to resign.

Washington's involvement adds complexity. The House Foreign Affairs Committee has summoned Huang to appear on December 1, with Sen. Elizabeth Warren stating his exit doesn't clear him of responsibility. President Trump has publicly praised Huang.

Analyst Dan Ives values Nvidia at $300 per share with Huang versus $225 without him. Interim CEO Colette Kress will report quarterly earnings on November 17 as directors weigh a founder's influence against national security concerns.