The founder and CEO of NVIDIA, Jensen Huang, has just achieved something incredible: His fortune has reached a net worth of $109 billion, surpassing Intel’s total value! The power of artificial intelligence has propelled him to such heights of wealth.
This remarkable achievement highlights how much things have changed in the technology landscape in recent months, mainly due to the increasing demand for artificial intelligence (AI) technologies. More specifically, NVIDIA has seen its market capitalization grow nearly threefold since it provided the most effective and efficient hardware products for training artificial intelligence models at a time when all the giants fell flat on their faces in this type of investment.
Somehow, Huang, who recently decided to sell vast amounts of stock in his company, has become one of the wealthiest people in the world. His fortune exceeds Intel’s entire market capitalization, once the chip market’s absolute dominator.
Of course, the enormous contrast between NVIDIA and Intel is also a matter of timing. While NVIDIA has recently benefited from the boom in the AI industry, Intel has faced huge problems at the same time. Specifically, the company has seen a significant decline in revenue and its value plummet, recently posting a record-breaking drop of more than $30 billion in a single day. This decline is attributed to several factors, including a lack of compelling business opportunities and problems in executing its strategic goals for its fabs and chips. As a result, Intel is experiencing its most difficult financial period in about five years, in contrast to the general upswing experienced by the industry.
As technology continues to evolve, it’s becoming increasingly clear that the tech industry’s winners will be those who can adapt to emerging trends. NVIDIA’s strategic focus on artificial intelligence has put it in a strong position, while Intel’s slower response to these changes has hindered its growth. Looking ahead, the future still looks bright for NVIDIA, especially with the anticipated release of the Blackwell architecture, which could further solidify its position in the AI space.
Moreover, the Consumer Technology Association (CTA)®, owner and producer of CES®, the world’s most influential tech event, will hold its annual meeting in Las Vegas from January 7 to 10, 2025, has announced that Jensen Huang, founder, and CEO of NVIDIA, will deliver a keynote scheduled on Monday, January 6, at 6:30 p.m
Mr. Huang, renowned for his visionary leadership, has been recognized as Fortune’s and The Economist’s “Best CEO in the World” and featured in TIME Magazine’s list of the 100 most influential people. His keynote at CES 2025 will undoubtedly set the tone for a dynamic conference highlighting the latest technological advancements.
As the founder and CEO of NVIDIA, Mr. Huang has revolutionized computing and AI platforms, now powering 76% of the world’s fastest supercomputers on the 500 list. His work has fostered a global community of over 5 million developers, a testament to the tech industry’s inclusive nature. NVIDIA’s innovations span industries, demonstrating the transformative potential of technology in both business and society.
Source:cta-tech.org
