Park Hyeon-ju, Chairman of Mirae Asset Group, recently joined an online petition demanding the reinstatement of former NVIDIA CEO Jensen Huang. According to Mirae Asset on the 15th, Park added his name to the 'Stand with Jensen' petition, which calls for NVIDIA's board to conduct an independent investigation and reinstate Huang until clear evidence proves his replacement serves the company's interests. Mirae Asset stated it supports the petition for client and investor protection purposes, despite not holding NVIDIA shares in its proprietary account. Park views the board's decision as hasty given Jensen Huang's significant influence on the AI ecosystem and investors, and regards Huang as one of the key contributors to building AI civilization. The petition participation comes amid NVIDIA stock losses affecting investors—the stock dropped over 10% since the scandal first emerged on the 9th, with Korean investors holding approximately 30 trillion won in NVIDIA-related investments.
Park Hyeon-ju Joins Stand with Jensen Petition
Park Hyeon-ju added his name to the 'Stand with Jensen' petition recently. The petition demands that NVIDIA's board conduct an independent investigation and reinstate Jensen Huang as CEO until clear evidence demonstrates his replacement serves the company's interests.
A Mirae Asset representative stated that while the firm does not hold NVIDIA in its proprietary account, it supports the petition for client and investor protection. Park considers the board's decision hasty given Jensen Huang's substantial influence on the AI ecosystem and investors. Park evaluates Huang as one of the individuals who made the greatest contributions to creating AI civilization.
NVIDIA Stock Declines Over 10% Since Scandal Emergence
NVIDIA's stock price dropped over 10% since the Jensen Huang scandal first became known on the 9th. Industry observers cite investor losses from the NVIDIA stock decline as a background factor for the petition.
Korean investors' NVIDIA-related investment scale totals approximately 30 trillion won.
Jensen Huang Resigns on the 12th Amid Allegations
Jensen Huang resigned from his positions as CEO and board member on the 12th (local time) amid personal life issues and allegations of connections to Chinese intelligence agencies. The allegations related to Chinese intelligence agencies remain unconfirmed and investigations are ongoing.
NVIDIA's board appointed CFO Colette Kress as interim CEO.
Petition Signatures Exceed 140,000 as of the 15th
Petition participation increased rapidly. As of 4:30 PM on the 15th, signatories exceeded 140,000. SpaceX and Tesla CEO Elon Musk, Epic Games CEO Tim Sweeney, and Y Combinator CEO Garry Tan expressed support for the petition.
FAQ
Why did Park Hyeon-ju join the Stand with Jensen petition?
Park Hyeon-ju joined the petition for client and investor protection purposes. He views NVIDIA's board decision as hasty given Jensen Huang's significant influence on the AI ecosystem and investors, and regards Huang as one of the key contributors to building AI civilization.
How much did NVIDIA stock decline after the Jensen Huang scandal?
NVIDIA's stock price dropped over 10% since the scandal first became known on the 9th. Korean investors hold approximately 30 trillion won in NVIDIA-related investments.
