With Over $100B, Nvidia CEO Has More Money than Intel Does
Once a major dominant player, Intel has seen its market cap fall to $96.59 billion
October 7, 2024 12:10 PM
Reading time: 1 minute, 36 seconds
TL;DR Nvidia's surge in the semiconductor industry has catapulted its CEO, Jensen Huang, into an elite league of wealth. Holding over 861 million NVDA shares, Huang's net worth is now approximately $107 billion. This figure surpasses Intel's market cap, highlighting Nvidia's monumental growth.
Nvidia's Unstoppable Ascent
Nvidia, a titan in the semiconductor industry, has been on a remarkable upward trajectory. The company's stock, trading at $124.29 as of October 7, has enriched its investors and its CEO, Jensen Huang. Huang's ownership of over 861 million NVDA shares has placed his net worth at a staggering $107 billion.
A Wealth Beyond Rivals
Huang's wealth now exceeds the market capitalization of some of Nvidia's competitors. Intel, once a dominant player, has seen its market cap fall to $96.59 billion.
This decline underscores Intel's challenges, amerce competition, and market shifts. Meanwhile, Nvidia continues to thrive, driven by innovations and strategic foresight.
The Race Against AMD
Despite Nvidia's impressive growth, it still has a long way to surpass its largest competitor, Advanced Micro Devices (AMD). AMD's stock price is a robust $170.95, giving it a valuation of $276.59 billion.
For Huang's net worth to surpass AMD's valuation, Nvidia's stock would need to rise by 158%, pushing the company's market cap to an astronomical $7.9 trillion. Such a leap, while ambitious, is only partially implausible given historical market trends.
"The semiconductor maker is experiencing a renewed uptrend - and uptrend partially driven by what Jensen Huang described as 'insane' demand for the Blackwell chip."
The Blackwell Revolution
Nvidia's future looks promising with the introduction of the Blackwell chip. Huang has described the demand for this chip as 'insane,' indicating a strong market appetite.
Moreover, Nvidia plans to revolutionize artificial intelligence infrastructure annually, potentially reducing AI-related costs significantly. This strategy could provide Nvidia with a consistent growth avenue, enhancing its stock value.
Risks and Realities
Despite these prospects, Nvidia's continued growth is still being determined. Some experts perceive the expired stock as there's a looming threat of the AI bubble bursting.
Nonetheless, Huang's net worth now exceeding Intel's market cap is a testament to Nvidia's explosive growth.
In the past year alone, NVDA stock surged by 174.49%, adding approximately $2 trillion to its valuation since the AI boom began.
