Jensen Huang’s net worth soared to $12 billion after a record day for NVIDIA shares on Wednesday, as the company’s shares surged 13%, adding a record $327 billion to its market capitalization. NVIDIA’s gains were sparked by confirmation that the tech giant continues to invest in AI-enabled GPU chips.
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Jensen Huang’s net worth surged to $12 billion on Wednesday following a surge in Nvidia shares.
A 13% rise in the company’s shares helped the co-founder and CEO’s net worth soar to $103 billion, making him the 14th-richest person in the world, according to Bloomberg data.
Nvidia shares’ gains came on the back of strong earnings reports from AMD and Microsoft results that suggested spending on AI infrastructure, of which Nvidia is a key beneficiary, isn’t slowing anytime soon.
Hwang’s net worth has increased by $59 billion this year as Nvidia shares have risen 141% since the beginning of the year.
Nvidia added an unprecedented $327 billion to its market cap in a single day, beating its own record of $276 billion when it reported big profit gains in February.
The company’s one-day surge in market capitalization exceeds the combined value of well-known companies like Bank of America, Coca-Cola, Netflix, and Toyota Motor Corp.
Nvidia shares were weak on Thursday, down about 1%, even as Meta Platforms’ earnings report confirmed that big tech companies continue to accelerate their AI investments.
