Musk Backs Petition to Reinstate Jensen Huang as Nvidia CEO

Elon Musk said on November 13 that he is signing a petition to reinstate Jensen Huang as Nvidia's CEO. His exact words on X: "A petition is underway to reinstate Jensen and I'm signing it too." The endorsement has pushed what started as retail-investor chatter into a campaign with serious names attached.

The analysis comes from TradingView contributor BigAlex80, who published the piece under the title "What If Jensen Huang Returns? Would It Change My Bearish Outlook." The author holds a bearish position on NVDA through long-dated put options, and the article works through what a Huang comeback would mean for that trade.

The support isn't confined to Musk. According to the author, some Nvidia employees have expressed backing for Huang's return, and other prominent figures in the technology and investment industries have joined the calls. A dedicated campaign, "Stand with Jensen – Open Letter to Nvidia's Board," is live at standwithjensen.com, and outlets including The Washington Post and Moneycontrol have covered the push.

Why does Huang's return matter to the bear case?

BigAlex80 frames leadership uncertainty as a core pillar of the bearish thesis. "One of the biggest concerns behind my bearish outlook is the uncertainty surrounding the company's leadership and future direction," the author writes. Huang built Nvidia into what it is today, and a return could restore lost investor confidence while reassuring major customers, employees, and business partners accustomed to his leadership.

For the author, the practical stakes are personal. A major leadership reversal could trigger a strong recovery in investor confidence and push the stock higher, directly threatening the long-dated puts already on the book. "This is something I need to pay close attention to," the author notes.

What doesn't a comeback fix?

The author is explicit that Huang's return wouldn't erase every problem. Open questions remain around:

• Corporate governance and the circumstances of his departure
• Potential reputational consequences for Nvidia
• Whether the board has addressed the underlying issues that led to the exit

And the competitive picture stays tough regardless of who runs the company. The author points to growing competition from AMD and Broadcom, unresolved questions around AI infrastructure spending, and the need for Nvidia to prove its current growth rate is sustainable. Those issues don't vanish with a CEO change.

So is the trade thesis still bearish?

Not automatically. The author draws a careful line: "I'm not necessarily bearish on Nvidia's technology or its ability to generate revenue. My concern is more about its leadership, future direction, valuation, and the risks surrounding the company."

If Huang actually returns, that changes an important part of the original thesis, and the author says the situation would need a fresh evaluation rather than blindly holding the bearish position. That's the actionable takeaway for practitioners running similar NVDA shorts or puts: a single leadership announcement could move the stock hard enough to force a reassessment, even when longer-term concerns about competition and valuation remain intact.

The author closes with a disclaimer that the piece is personal opinion, not financial advice, and that everyone should do their own research before buying or selling NVDA or any options.

For now, the question is whether the petition momentum — now amplified by Musk and reported employee support — translates into boardroom action. Until it does, the author's puts stay on, but with eyes firmly on the headlines.