Nvidia hits $3 trillion, making CEO Jensen Huang richer than Michael Dell

Nvidia Corp.’s Jensen Huang. has steadily climbed the ranks of the world’s richest people as the market value of his computer chip maker hit $3 trillion.

Huang reached another milestone on Friday, surpassing personal computer pioneer Michael Dell to become the 13th richest person in the world with a net worth of 106.1 billion USD, according to Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year as demand for Nvidia chips used to power artificial intelligence tasks remains unsatisfactory.

Huang, 61, is leading a new wave of tech billionaires thanks to AI.Jensanity,” as one analyst called it, it has taken over Silicon Valley. Other beneficiaries include Lisa Su, chief executive officer of Advanced Micro Devices Inc., as well Super small computer Charles Liang of Inc. Last month, Hoang’s fortune overcome each member of Walton, America’s richest family, after another strong quarter for the chipmaker.

Huang’s wealth comes from his 3.5% stake in Santa Clara, California-based Nvidia, the company he co-founded in 1993 with Chris Malachowsky and Curtis Priem. Nvidia becomes the first computer chip company to achieve the goal 3 trillion USD in market capitalization on Wednesday, surpassing the value of Apple Inc., and flirted with that standard again on Friday.

Dell, 59, with a net worth of $105.9 billion, is a prominent player in the computer hardware industry among the tech super-rich, who often owe money to software companies. its property. Dell makes a lot of money through its company of the same name, which sells personal computers and servers.

However, Dell Technologies Inc. remains a beneficiary of AI’s recent success as corporations need servers and other infrastructure to use Nvidia’s cutting-edge chips. Investors increasingly see Dell, along with Super Micro, as Nvidia’s partner of choice for this business.

In early March, Dell joined the small group of people with outstanding wealth. 100 billion USD as the company’s shares rose to a record high. The stock fell after announcing results that disappointed investors, reducing the founder’s wealth by nearly $12 billion in just one day.

Nvidia today dominates an ecosystem of competing hardware and software solutions from AMD Intel Corp. is trying its best to break up or replicate by capturing a dominant share of the high-end accelerator market for AI training.

And it shows no signs of slowing down or letting rivals catch up. King speak the company plans to upgrade its so-called AI accelerator every year.

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