Jensen Huang Because Nvidia’s most recent results and outlook outperformed analysts’ expectations, the company’s chief executive, Jensen Huang, may be up to $4.2 billion richer. According to the Bloomberg Billionaires Index, the value of Mr. Huang’s overall fortune increased to $46.1 billion as a result of the shares’ up to ten percent increase in value during aftermarket trading. According to the index, Mr. Huang is well positioned to finish among the top 25 wealthiest people in the world if the recent increase in his wealth can be maintained.
The majority of Mr. Huang’s wealth comes from the 3.6 percent ownership in Nvidia, which translates to 86.9 million shares. The mining of cryptocurrencies drove up demand for the company’s chips, which led to the stock price of the company skyrocketing during the Covid-19 pandemic, before plummeting by about two thirds over the course of a year and then shooting back up again. Because of the increased demand for AI, their price has increased by more than a factor of three so far in 2018.
Nvidia was initially established in 1993 by Mr. Huang, Chris Malachowsky, and Curtis Priem. He was instrumental in the company’s transition from a manufacturer of graphics chips for video games to its current position as the preeminent producer of accelerators that are used to train AI software.
The company reported a growth in sales of two times the previous quarter’s total and expressed optimism on the continued expansion of both demand and supply in the next year. Both Taiwan Semiconductor Manufacturing and Samsung Electronics are responsible for the manufacture of the company’s chips under contract.
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