Jensen Huang, the CEO of Nvidia, is now the 11th richest person in the world
Huang's net worth increased by more than $4 billion on Thursday, June 2024
This is his highest ranking yet on the Forbes billionaires list
Jensen Huang, the CEO and co-founder of Nvidia, became a much richer man on Thursday as shares of his semiconductor chip company climbed 14%, boosting his net worth by more than $4 billion.
The surge in Nvidia's stock price came after the company reported strong earnings for the first quarter of 2024, beating analysts' expectations on both revenue and earnings per share.
Huang's net worth is now estimated to be $161 billion, according to Forbes. This makes him the 11th-richest person in the world, up from 18th place just a few months ago.
Huang's rise in the ranks of the world's billionaires is due in large part to the success of Nvidia's graphics processing units (GPUs), which are used in a variety of applications, including gaming, artificial intelligence, and data science.
Nvidia has been a major beneficiary of the growing demand for AI and data science, as these applications require powerful GPUs to process large amounts of data.
The company's GPUs are also used in gaming, and Nvidia has been a major player in the gaming market for many years.
Huang's success is a testament to his vision and leadership. He co-founded Nvidia in 1993, and under his leadership, the company has grown into one of the most successful technology companies in the world.
Komentar