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 to Identify Legitimate Sellers When Purchasing Electronic Components Online？

Dec .31.2024

Purchasing electronic components online is different from buying clothes online. One needs to understand various aspects. When shopping online for electronic components, one must have a basic knowledge of electronic components and know how to distinguish

Development Directions and Innovation Trends of the Electronic Components Market in 2025

Dec .31.2024

With the continuous progress of science and technology and the development of the global economy, the electronic components industry has shown a rapid development trend in recent years. From consumer electronics to industrial automation, from automotive e

Resistance Thermometer Temperature Sensors

Dec .31.2024

A resistance thermometer is a common temperature sensor that measures temperature by utilizing the property that the resistance of materials changes with temperature. Resistance thermometers are widely used in various fields, including industrial control,

Say Goodbye to Lag! Three Ways to Speed Up WiFi

Dec .31.2024

Don't worry. By learning the following three methods, your WiFi experience can be greatly improved! Let's improve the home WiFi signal from three aspects: transmission power, wireless channels, and location with the agency of Cirrus Logic. Say goodbye to

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