Nvidia's stock has skyrocketed amid growing demand for AI chips, and CEO Jensen Huang's net worth has reached a staggering $92.3 billion.
Huang's Success
Stunning Capital Growth
Five years ago, Jensen Huang's stake in Nvidia was valued at just $3 billion. However, thanks to the rapid growth of the business and record stock run-up, his wealth now tops $90 billion.
Excellent financials
Nvidia's recently announced first-quarter financial results exceeded expectations. The company's profit came in better than expected, and sales soared more than 200% for the third straight quarter. This success is due to the growing demand for processors for artificial intelligence tasks. Nvidia management also released an optimistic forecast, foreshadowing a steady increase in demand for graphics accelerators for AI technologies.
Rise in price of shares
Such bright prospects had a positive impact on the price of Nvidia shares. If on May 22 one share was trading around $950, then by the end of the week its price reached $1064.69. Over five days, shares rose 13.53%, adding $126.86 to the value.
Huang's Colossal Wealth
Jensen Huang owns 86.76 million Nvidia shares, which is more than 3.5% of the company's total share capital. Thanks to the rapid rise in stock prices, his fortune increased by approximately $11 billion in five days. Currently, the total value of his shares exceeds $92.3 billion.
Unprecedented rise
Overall, Nvidia shares have already doubled in price this year after tripling in 2023. Over the past five years, their value has soared 28 times. Huang increased his stake in 2022 as the stock hit relative lows ahead of the artificial intelligence boom.
Today, Nvidia controls about 80% of the market for chips for AI applications, and its CEO is among the 20 richest people on the planet.
Glossary
- Nvidia is a leading developer of graphics processing units and data visualization solutions.
- Jensen Huang is the founder and CEO of Nvidia.
- AI (Artificial Intelligence) is a set of technologies that make it possible to create intelligent systems for solving complex problems.
- GPU (Graphics Processing Unit) - a graphics processor specialized for data processing and visualization.
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Discussion of the topic – Jensen Huang: from $3 billion to $90 billion in 5 years thanks to Nvidia's success
Nvidia CEO Jensen Huang's net worth has risen from $3 billion to $90 billion in five years, thanks to record growth in the company's shares amid strong demand for processors for artificial intelligence and other applications.
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Dmitriy
Wow, this is simply incredible! Nvidia's success and rapid growth in the company's stock price are truly impressive. Jen Huang is truly a genius at what she does. 🚀
Oksana
I completely agree! It's hard to believe how much his fortune has grown in such a short period of time. Incredible $90 billion - these are simply cosmic figures! 🤯
Hans
It's no wonder Nvidia has done so well. They were among the first to seriously take up the development of artificial intelligence technologies. Now this market is simply endless! 🔥
Sophie
Oh, and let's not forget that Huang invested in the company at the right time. His foresight and belief in the potential of AI have played a key role in Nvidia's success. 💰
Günther
What stupidity! All these AI trends are just another fad that will soon pass. It is better to invest money in more stable industries. 😒
Francesca
Günther, what are you saying! AI is the future, and Nvidia is now the clear leader in this market. Their products are used in a variety of industries, from gaming to medicine. I think they have even more growth ahead! 🚀🔥
Tomasz
I agree, AI is not just a trend, but a real revolution. Nvidia provides technologies without which the future of AI is simply unimaginable. I wonder what awaits us next? 💻🤖
Olena
As far as I know, Nvidia is actively working on improving its chips for self-learning AI models. So, it is quite possible that we will soon see even more impressive results from their work! 🔥🤖