Jensen Huang Has Holdings of More Than $90 Billion Following Thursday’s Rally of Nvidia Stock

Jensen Huang has been the prominent face of Nvidia and its chief advocate, continuously promoting the capabilities and advantages of using the company’s GPUs for AI development. Following a rally on Thursday that pushed Nvidia’s stock to a record high, the holdings of its CEO, Jensen Huang, now exceed $90 billion.

On Wednesday evening, Nvidia announced first-quarter earnings that surpassed expectations, with sales increasing by over 200% for the third consecutive quarter, fueled by the demand for artificial intelligence processors.

Huang provided a more optimistic forecast than anticipated, indicating to investors that the demand for the company’s AI graphics processing units (GPUs) remains insatiable. He emphasized that Nvidia’s customers, particularly large cloud companies, could expect substantial returns on their investments in these high-priced chips.

Huang owns around 86.76 million shares of Nvidia, which constitutes more than 3.5% of the company’s outstanding shares. Consider that five years ago, Jensen Huang’s stake in his chipmaker was valued at approximately $3 billion. Huang, now 61, founded the Silicon Valley company in 1993 with the goal of creating GPUs for 3D gaming. Currently, the company holds about 80% of the AI chip market, and Huang is now among the 20 richest individuals globally.

With the stock climbing over 9% to close at nearly $1,038 per share on Thursday, the value of his stake increased by approximately $7.7 billion. Nvidia’s shares have more than doubled this year after tripling in 2023, and they have increased about 28-fold over the past five years. Huang expanded his holdings in 2022, when the stock was at relative lows prior to the AI boom.

While gaming has remained Nvidia’s primary business for many years, the company has ventured into other markets, such as cloud gaming subscriptions, the metaverse, and cryptocurrency mining chips. Nvidia’s trajectory changed significantly in late 2022 with the release of ChatGPT by OpenAI, which brought generative AI into the mainstream. This technology demonstrated a future where computers could generate new content and provide answers to questions using large, unsorted data sets rather than merely retrieving information from databases. OpenAI conducts most of its AI development on Nvidia GPUs.

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