NVIDIA has once again shaken the technology and hardware market, but this time it’s not the company but the boss. The company’s CEO Jensen Huang has reached a significant milestone with his personal fortune. Huang’s fortune reached 109.2 billion dollars, surpassing the market capitalization of a giant technology company like Intel. But where does this success and wealth come from?
NVIDIA CEO Jensen Huang surpasses Intel’s market capitalization with a fortune of $109.2 billion
First of all, this achievement is a result of NVIDIA’s leadership in AI and GPU production. However, it’s not only a testament to NVIDIA’s success, but also to Huang’s personal success. In fact, Huang’s rise has been driven by NVIDIA’s investment in AI technologies and its strong presence in the field.
In June 2023, NVIDIA briefly became one of the world’s most valuable companies. The company’s market capitalization ranked alongside giants like Apple, Microsoft, Amazon and Google. Although its share price has fallen by 10%, NVIDIA is still among the five most valuable tech companies.
Intel, on the other hand, is going through a tough time. The company has fallen behind the competition, especially in recent years. Share values have fallen by half compared to the end of the year and the market capitalization has fallen to 96.3 billion dollars. The financial troubles in August accelerated Intel’s loss of value, with a loss of $39 billion overnight.
In short, beating the market capitalization of a long-established giant like Intel has not only demonstrated Huang’s leadership, but also NVIDIA’s future potential. NVIDIA’s leadership in the world of artificial intelligence is likely to further strengthen both Huang’s fortune and the company’s position.
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