Heres what Jensen Huang is worth | Latest Tech News
Nvidia made historical past on Wednesday as the first company to attain $5 trillion in market worth, powered by a gorgeous rally that has cemented its place at the middle of the global artificial intelligence increase.
The milestone underscores the company’s swift transformation from a area of interest graphics-chip designer into the spine of the global AI industry, turning CEO Jensen Huang into a Silicon Valley icon and making its superior chips a flashpoint in the tech rivalry between the US and China.
Since the launch of ChatGPT in 2022, Nvidia’s shares have climbed 12-fold as the AI frenzy propelled the S&P 500 to report highs, igniting a debate on whether or not frothy tech valuations could lead on to the next big bubble.
The milestone underscores the company’s swift transformation from a area of interest graphics-chip designer into the spine of the global AI industry, turning CEO Jensen Huang into a Silicon Valley icon. Getty Images
The new milestone, coming just three months after Nvidia breached the $4 trillion mark, would surpass the full cryptocurrency market worth and equal roughly half the dimensions of Europe’s benchmark equities index, the Stoxx 600 index.
“Nvidia hitting a $5 trillion market cap is more than a milestone; it’s a statement, as Nvidia has gone from chip maker to industry creator,” said Matt Britzman, senior equity analyst at Hargreaves Lansdown, which holds shares in the company.
“The market continues to underestimate the scale of the opportunity, and Nvidia remains one of the best ways to play the AI theme.”
Shares of the Santa Clara, California-based company rose 3% to close at $207.04, or a market cap of $5.03 trillion, after a string of latest bulletins solidified its dominance in the AI race.
Huang unveiled $500 billion in AI chip orders on Tuesday and said he plans to construct seven supercomputers for the US authorities.
Meanwhile, President Trump is anticipated to focus on Nvidia’s Blackwell chip with Chinese President Xi Jinping on Thursday.
Since the launch of ChatGPT in 2022, Nvidia’s shares have climbed 12-fold as the AI frenzy propelled the S&P 500 to report highs Getty Images
Sales of the high-end chip have been a key sticking level between the 2 sides due to Washington’s export controls.
Stock surge boosts Huang’s wealth
At current costs, CEO Huang’s stake in Nvidia can be worth about $179.2 billion, according to regulatory filings and GWN calculations.
He is the world’s eighth-richest particular person, per Forbes’ billionaire record.
Born in Taiwan and raised in the United States from age 9, Huang has led Nvidia since founding it in 1993. Under his management, the company’s H100 and Blackwell processors have turn into the engines behind large-language fashions powering instruments such as ChatGPT and Elon Musk’s xAI.
Huang unveiled $500 billion in AI chip orders on Tuesday and said he plans to construct seven supercomputers for the US authorities. Getty Images
While Nvidia stays the clear front-runner in the AI race, Big Tech friends such as Apple and Microsoft have also crossed $4 trillion in market worth in latest months.
Analysts say the rally displays investor confidence in unrelenting AI spending, though some warn valuations could also be working scorching.
“AI’s current expansion relies on a few dominant players financing each other’s capacity. The moment investors start demanding cash-flow returns instead of capacity announcements, some of these flywheels could seize,” said Matthew Tuttle, CEO of Tuttle Capital Management.
Tech firms’ heavy weightage in the S&P 500 and Nasdaq 100 offers them broad affect over global markets.
Nvidia is due to report quarterly outcomes on Nov. 19.
While Nvidia stays the clear front-runner in the AI race, Big Tech friends such as Apple and Microsoft have also crossed $4 trillion in market worth in latest months. REUTERS
Geopolitical bargaining chip
The company’s dominance has drawn global regulatory scrutiny, with US export curbs on superior chips making it a key pawn in Washington’s strategy to restrict China’s access to AI technology.
“Nvidia clearly brought their story to D.C. to both educate and gain favor with the US government,” said Bob O’Donnell of TECHnalysis Research. “They managed to hit most of the hottest and most influential topics in tech.”
The developer convention on Tuesday also served as a platform for Huang to stroll a geopolitical tightrope.
He praised Trump’s “America First” insurance policies for accelerating home tech investment, while warning that excluding China from Nvidia’s ecosystem may restrict US access to half of the world’s AI builders.
Rivals including Advanced Micro Devices and a number of well-funded startups are searching for to problem Nvidia’s dominance in high-end AI chips, but it stays the industry’s top alternative.
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