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DIVYANSHU MHATRE
Work on your ideas • 1y
Nvidia CEO Jensen Huang's net worth has surged from $3 billion to $90 billion in the past five years, primarily due to the soaring value of Nvidia shares. On Thursday, Nvidia's stock reached a record high, boosting Huang's stake value by $7.7 billion as the stock closed near $1,038 per share. The company reported robust first-quarter earnings, with sales surging over 200% for the third consecutive quarter, driven by high demand for Al processors. Huang owns approximately 86.76 million shares of Nvidia, representing more than 3.5% of the company's total shares. With the stock surging over 9% to nearly $1,038 per share on Thursday, the value of his stake increased by about $7.7 billion.
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