Industry News

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%.

Previous : Cerebras Systems outperforms Nvidia in cost performance: 20 times faster and with a price only one-fifth that of Nvidia's

Next : AMD Introduces Embedded Architecture to Accelerate Time to Market for Edge AI Applications

How many chips does a car need?

Sep .19.2024

Automotive chips can be divided into four types according to their functions: control (MCU and AI chips), power, sensors, and others (such as memory). The market is monopolized by international giants. The automotive chips people often talk about refer to

Position and Function of Main Automotive Sensors

Sep .18.2024

The function of the air flow sensor is to convert the amount of air inhaled into the engine into an electrical signal and provide it to the electronic control unit (ECU). It is the main basis for determining the basic fuel injection volume. Vane type: The

Chip: The increasingly intelligent electronic brain

Sep .14.2024

In this era of rapid technological development, we often marvel at how mobile phones can run various application software smoothly, how online classes can be free of lag and achieve zero latency, and how the functions of electronic devices are becoming mo

LDA100 Optocoupler: Outstanding Performance, Wide Applications

Sep .13.2024

In terms of characteristics, LDA100 is outstanding. It offers AC and DC input versions for optional selection, enabling it to work stably in different power supply environments. The small 6-pin DIP package not only saves space but also facilitates install

About Us

About Us What we do Quality People

Products

CHIP/IC Active devices Passive device Components OTHER

China electronic components supplier----Wah Luen Shing Electronic.----www.wlschip.com

Leave a message