Santa Clara, California – Nvidia Corp.’s CEO, Jensen Huang, has made significant strides in his wealth as the market value of his computer-chip company reaches $3 trillion. As of Friday, Huang surpassed Michael Dell to become the world’s 13th-richest individual with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has seen a remarkable increase of over $62 billion this year, driven by the high demand for Nvidia chips essential for artificial intelligence applications.
At 61 years old, Huang is leading a new generation of tech billionaires in Silicon Valley, riding on the wave of AI-fueled growth known as “Jensanity.” Other beneficiaries of this AI boom include Lisa Su, CEO of Advanced Micro Devices Inc., and Charles Liang from Super Micro Computer Inc. Huang’s fortune recently surpassed that of each member of the Walton family, America’s wealthiest family, following another successful quarter for Nvidia.
Huang’s wealth is primarily tied to his 3.5% stake in Nvidia, a company he co-founded in 1993. Nvidia became the first computer-chip company to achieve a market capitalization of $3 trillion, exceeding the value of Apple Inc. Dell, on the other hand, with a net worth of $105.9 billion, has built his wealth through his namesake company that focuses on personal computers and servers.
Despite Dell’s unique position in the computer hardware industry, the company has also benefited from the AI boom as corporations rely on servers and infrastructure to leverage advanced chips from Nvidia. Investors see Dell and Super Micro as Nvidia’s preferred partners in this line of business. Nvidia’s ecosystem of hardware and software solutions is a significant challenger for competitors such as AMD and Intel as it dominates the market for high-end accelerators used in AI training.
Huang has announced plans to continually upgrade Nvidia’s AI accelerators annually, maintaining the company’s lead in the industry. The company’s commitment to innovation and staying ahead of its competitors suggests a promising future for Nvidia in the AI sector. Huang’s success story serves as an emblem of Silicon Valley’s ongoing tech revolution and the immense wealth generated from groundbreaking technological advancements.