Related to Artificial Intelligence (AI) Industry in 2023investin frenzy,Huida(Nvidia) shares are rising like few other stocks, which is motivating the chip maker’s CEOJen-Hsun HuangBecome very, very rich.
Taiwan-born Huang, 60, has seen his net worth rise by $13.8 billion to $43.5 billion, according to the Bloomberg Billionaires Index. He co-founded the semiconductor giant with two partners at a Denny’s restaurant in Silicon Valley 30 years ago.
Huang Renxun’s 3.6% stake in Huida was the main reason for the sharp increase in his net worth. Huida took advantage of this investment boom in AI and became a company with a market value of more than US$1 trillion. The “brave seven” of big technology stocks. “the magnificent Seven”.
Huida’s share price has surged nearly 250% this year as investors rushed to buy the stock optimistic about Huida’s dominance in the graphics processing unit (GPU) market, which drives AI products like ChatGPT. Huida’s huge stock price gains have made it the best performing stock in the S&P 500 index in 2023, easily outperforming fellow giant technology stocks Meta Platform and Tesla, which have also made huge gains in recent years. Has performed well. Strong.
Although Jen-Hsun Huang’s wealth and fame may not be as high as that of Meta Platform’s Zuckerberg or Tesla’s Musk, he quickly joined the list of the world’s richest people. When the stock market closed last Thursday (17th), he was ranked 27th. 50 richest people in the world.
This means his wealth now exceeds that of Nike founder Phil Knight, hedge fund Citadel CEO Ken Griffin and Blackstone founder and CEO Stephen Schwarzman.
Huang Jen-hsun was born in Taiwan in 1963 and lived in Taiwan and Thailand during his childhood. In 1973, his parents sent him to the United States to live with relatives. Similar to Knight’s experience, he attended high school in Oregon and later became a national youth pool champion.
In 1993, Jen-Hsun Huang and his friends Malachowski and Curtis Priem founded Huida at a Denny’s restaurant in East San Jose and have served as CEO to date. Bill Gates and Bezos, both technology giants, have founded Huida at 52, respectively. And resigned from his companies at the age of 57.
management positions. Huang Renxun is about to turn 60 this year. In terms of age, he is already far behind them, but there is little evidence that he will retire from Huida in the near future.