Duan Yongping: Currently will not sell Nvidia, and in the future Jensen Huang may return as a “shadow CEO”

Duan Yongping replied to users:

“At present, I will not sell NVIDIA. In fact, I sold quite a few Puts today.”

Duan Yongping: No Short-term Impact, the Outcome Will Be Clear in a Few Years

The H&H International Investment fund managed by Duan Yongping held 6.28 million shares of NVIDIA as its fifth largest position at the end of the second quarter.

In another response, Duan Yongping described NVIDIA as a company that could be managed in a “foolproof” way:

“NVIDIA’s business model requires a very strong management team; otherwise, after 3-5 years it might not be as formidable. However, AI is just getting started, and it’s expected to see strong growth over the next decade.”

He also added his view on the possibility of Jensen Huang’s return, stating that if the core issue prompting Huang's resignation is not resolved, it is very unlikely that he will return to his post. However, there is one possibility: the company might invite him to serve as a consultant, taking on a ‘shadow CEO’ role that retains influence, but no longer has signing authority. The outcome of this direction will only become clear after the hearings conclude.

Additionally, as for whether Apple’s Tim Cook might take over as NVIDIA’s CEO after Jensen Huang’s resignation, Duan Yongping believes this possibility is zero.

In stark contrast to the rush of retail investors buying in, The unusual moves of top quant firm Renaissance Technologies are worth noting. At the end of the second quarter, NVIDIA was still Renaissance’s top holding, with a market value of about $1.42 billion; by the end of the third quarter, its holdings had decreased by 99.7%, nearly a complete exit—this happened before the Jensen Huang turmoil was publicly exposed.

It is worth noting that while Renaissance reduced its NVIDIA position, it did not leave the AI sector; instead, it made Micron Technology its largest holding at the end of the period, worth $1.62 billion, and AMD rose to second place at $1.206 billion. This structural shift closely mirrors the subsequent direction of market funds.

Private equity firm Dongfang Harbor likewise chose to hold steady. NVIDIA is Dongfang Harbor’s second-largest US stock holding, with more than 1.23 million shares at the end of the third quarter. Founder Dan Bin said that under Jensen Huang, NVIDIA has “built a very deep moat, and there is no sign of that disappearing in the short term.” He also pointed out that the accumulation of CUDA’s ecosystem and the barriers of the computing power industry chain “cannot be overturned overnight,” though he admitted that a management transition will create a rare window of opportunity for competitors.

Dan Bin also used this incident to warn against leverage risk:

“Why shouldn’t one borrow money and use leverage to invest? Because even an extremely unlikely black swan event could lead to ruin. A week ago, few would have predicted something like this would happen.”