Nvidia CEO Jensen Huang posted a $9.6 billion increase in his net worth Thursday. The increase coincided with the chip maker's stock seeing a jump of its own.
Nvidia CEO Jensen Huang's net worth jumped by $9.6 billion on Thursday as the AI chipmaker's stock surged after reporting stronger-than-expected quarterly results. Huang's overall net worth is estimated at $69.2 billion, according to Bloomberg's Billionaires Index. Nvidia reported Wednesday that it had generated fourth-quarter revenues of $22.1 billion, marking a 265% increase from the prior year. Its net income rose by 769% year over year.
Accelerated computing and generative AI have hit the tipping point," Huang said in a statement accompanying the quarterly release. "Demand is surging worldwide across companies, industries and nations." Huang, at his current net worth, holds the No. 21 spot on Bloomberg’s ranking of the world’s wealthiest people.
Huang has run Nvidia as its CEO since he co-founded the tech firm over three decades ago. Huang reportedly has a design resembling the company’s logo tattooed on his arm. The company saw its market capitalization climb above $2 trillion during Friday's trading session. FOX Business' Eric Revell contributed to this report.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia rally is fueling FOMO in the overall market, Evercore's Julian Emanuel warnsEvercore ISI's Julian Emanuel finds clients are more worried about being underinvested than overexposed right now.
Read more »
US Earnings Preview: What to Expect from NVIDIA ResultsFor NVIDIA to sustain its lofty share price, it's imperative that the company's results meet Wall Street's expectations.
Read more »
How Nvidia’s Investment Arm Is Supercharging A New Class Of AI StartupsI'm a Forbes technology reporter and senior writer based in San Francisco. Send me tips at rnievaforbes.com or richardnievaprotonmail.com.
Read more »
Nvidia just showed the world it's the AI king nowBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
S&P 500 futures rise in overnight trading, Nvidia shares jump: Live updatesNvidia shares popped in after-hours trading as the chip giant posted record revenue and issued upbeat guidance.
Read more »
Goldman Sachs lifts S&P 500 target to 5,200, with Big Tech doing heavy liftingForecast comes ahead of crucial Nvidia earnings this week
Read more »