"Nvidia Corp. ( NASDAQ: NVDA) CEO Jensen Huang has steadily moved up the Bloomberg Billionaires list as the stock of the company he runs has risen. Even after a slight sell-off in the shares after announcing earnings, Nvidia's stock is up 1,280% in the past five years. That compares to an 84% rise in the S&P 500 over the same period. Huang's net worth is $157 billion."
"Nvidia was primarily a graphics chip company for most of the years since its founding in 1993. In 2018, it began to release more powerful chips. That set it on the path to becoming the dominant chip provider for artificial intelligence platforms. Today, it owns 92% of the AI chip market. Its Blackwell product is considered the state-of-the-art AI engine."
Nvidia's stock rose 1,280% over the past five years, compared with an 84% rise in the S&P 500. Jensen Huang's net worth is $157 billion and he owns about 3.8% of Nvidia's shares, having recently ended a period during which he sold $1 billion worth of stock. Nvidia owns 92% of the AI chip market, and its Blackwell product is considered the state-of-the-art AI engine. The company has a $4.49 trillion market cap, ahead of Apple and Microsoft. Quarterly revenue rose 62% to $57 billion and guidance projects $65 billion next quarter. Management reports surging AI demand and sold-out cloud GPUs.
Read at 24/7 Wall St.
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