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Nvidia skyrocketed, with Huang Renxun's wealth soaring to the 21st place in the world

Update time : 2024-02-23 14:58:47

Crushing the performance of its peers not only brought Nvidia's stock price to a historic high, but also elevated the wealth of its leaders to new heights.
On Thursday local time, Nvidia CEO Huang Renxun's net assets jumped by $9.6 billion to $69.2 billion, surpassing oil tycoon Charles Koch and rising to 21st place on the Bloomberg Billionaires Index. At the beginning of last year, Huang Renxun's net assets were 13.5 billion US dollars, ranking 128th in the index.
On the same day in the US stock market, Nvidia rose more than 11% at the beginning of trading and expanded to 16.4% at $785.4 at the end of trading, setting a historical high and the largest daily increase since the release of its quarterly report on May 24, 2023.

Throughout the trading day, Nvidia's market value increased by $277 billion, breaking the record for the highest daily market value increase set by Meat earlier this month. At the close, Nvidia's market value was approximately $1.94 trillion, hitting the $2 trillion mark.
The financial report released on Wednesday local time showed that Nvidia's fourth quarter revenue surged by 265% year-on-year to $22.1 billion, higher than analysts' expectations of $20.41 billion, and even higher than the full year of 2021 in single quarter revenue. The data center department, the largest source of revenue, achieved a revenue of $18.4 billion in the fourth quarter, a year-on-year surge of 409%.
Nvidia's revenue and profit have set historical records for three consecutive quarters, with a revenue growth of 126% for the entire fiscal year 2024.
In addition, the sharp rise in Nvidia's stock price has also increased the wealth of the 30 artificial intelligence related billionaires on Bloomberg's wealth list by $42.8 billion. In percentage terms, Charles Liang, CEO of Ultra Micro Computer, became the biggest winner, with a wealth increase of 33%.

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