Nvidia’s Jensen Huang Becomes World’s 9th-Richest Amid Stock’s Hot Streak
The post Nvidia’s Jensen Huang Becomes World’s 9th-Richest Amid Stock’s Hot Streak appeared on BitcoinEthereumNews.com. Topline Nvidia shares rose again on Friday, adding to CEO Jensen Huang’s net worth—now the world’s ninth-largest—while pacing what would be the stock’s fifth consecutive day in the green, as one analyst claimed the chipmaker’s market cap could reach $4 trillion this summer. One analyst suggests the world’s largest company could reach a $4 trillion market cap this summer, … More while another says $6 trillion is the peak. AFP via Getty Images Key Facts Nvidia’s shares rose by more than 1.6% to over $157.60 as of around 1:10 p.m. EDT Friday, an increase of more than 10% since the stock opened trading on Monday at $142.50. Huang’s 3% stake in Nvidia, totaling more than 859 million shares, has increased by about $11.6 billion over the last five trading sessions, including Friday, which added about $3 billion. Wedbush Securities analyst Dan Ives suggested in a note Friday that Nvidia and Microsoft will each hit a $4 trillion market cap this summer and $5 trillion over the next 18 months, as he referred to the companies as the “poster [children]” of AI. Nvidia ranks ahead of Microsoft ($3.7 trillion) as the world’s largest firm with a $3.83 trillion valuation as of Friday. On Wednesday, Loop Capital analyst Ananda Baruah wrote that Nvidia would be at the “front-end” of the next “Golden Wave” for generative AI that would propel Nvidia’s market cap up to $6 trillion. Forbes Valuation Huang’s fortune is valued at $137.4 billion, making him the world’s ninth-wealthiest person ahead of Alphabet cofounder Sergey Brin, according to our latest estimates. Big Number 81.7%. That’s how much Nvidia’s stock has increased in value since hitting a 52-week low of $86.62 on April 7, though shares are up just under 14% on the year. What To Watch For How long Nvidia’s win…
The post Nvidia’s Jensen Huang Becomes World’s 9th-Richest Amid Stock’s Hot Streak appeared on BitcoinEthereumNews.com.
Topline Nvidia shares rose again on Friday, adding to CEO Jensen Huang’s net worth—now the world’s ninth-largest—while pacing what would be the stock’s fifth consecutive day in the green, as one analyst claimed the chipmaker’s market cap could reach $4 trillion this summer. One analyst suggests the world’s largest company could reach a $4 trillion market cap this summer, … More while another says $6 trillion is the peak. AFP via Getty Images Key Facts Nvidia’s shares rose by more than 1.6% to over $157.60 as of around 1:10 p.m. EDT Friday, an increase of more than 10% since the stock opened trading on Monday at $142.50. Huang’s 3% stake in Nvidia, totaling more than 859 million shares, has increased by about $11.6 billion over the last five trading sessions, including Friday, which added about $3 billion. Wedbush Securities analyst Dan Ives suggested in a note Friday that Nvidia and Microsoft will each hit a $4 trillion market cap this summer and $5 trillion over the next 18 months, as he referred to the companies as the “poster [children]” of AI. Nvidia ranks ahead of Microsoft ($3.7 trillion) as the world’s largest firm with a $3.83 trillion valuation as of Friday. On Wednesday, Loop Capital analyst Ananda Baruah wrote that Nvidia would be at the “front-end” of the next “Golden Wave” for generative AI that would propel Nvidia’s market cap up to $6 trillion. Forbes Valuation Huang’s fortune is valued at $137.4 billion, making him the world’s ninth-wealthiest person ahead of Alphabet cofounder Sergey Brin, according to our latest estimates. Big Number 81.7%. That’s how much Nvidia’s stock has increased in value since hitting a 52-week low of $86.62 on April 7, though shares are up just under 14% on the year. What To Watch For How long Nvidia’s win…
What's Your Reaction?
