With Nvidia’s stock price rising over 9% on Thursday to close at almost $1,038, the value of CEO Jensen Huang’s stake rose by $7.7 billion.
Huang owns about 86.76 million Nvidia shares for a total stake valued at more than $90 billion.CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday's rally, which pushed the stock to a record, his holdings now stand at more than $90 billion.that topped estimates, with sales jumping more than 200% for a third straight quarter, driven by demand for artificial intelligence processors.for its AI graphics processing units, or GPUs.
But Nvidia's fortunes shifted dramatically in late 2022, when OpenAI released ChatGPT, opening up the concept of generative AI to the broader public. The technology showcased a future in which computers won't just retrieve new information from databases, but can also generate new content and answers to questions from large caches of unsorted data.
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