Nvidia CEO Jensen Huang Sees $12 Billion Gain Amid Record-Breaking Stock Surge

Jensen Huang, CEO and co-founder of Nvidia, saw his fortune increase by nearly $12 billion on Wednesday, July 31, following a historic day for the company. This remarkable gain surpasses the $9.6 billion he added on February 22 when Nvidia’s shares soared after a robust earnings report, as reported by the Bloomberg Billionaires Index. This recent surge has propelled Huang’s net worth past the $100 billion mark, reaching $102.8 billion, a milestone he hadn’t seen for a week.

Nvidia has experienced significant volatility as investors shifted away from high-flying tech stocks in anticipation of a potential Federal Reserve rate cut in September. However, the trend reversed on Wednesday after Advanced Micro Devices (AMD) delivered a positive revenue forecast, indicating strong demand for artificial intelligence (AI). This optimistic outlook led to a 13% surge in Nvidia’s stock, adding a record $329 billion in value and bringing the company’s year-to-date gain to 136%.

At 61, Huang is now the 14th richest person globally, trailing just behind Michael Dell. Huang has been taking advantage of Nvidia’s stock performance through a 10b5-1 trading plan, selling shares strategically. In June alone, he sold nearly $169 million worth of shares, marking his highest single-month earnings from stock sales. July is expected to exceed this figure due to the relentless demand for Nvidia’s AI-powered chips pushing the stock to new highs.

Huang isn’t the only Nvidia insider capitalizing on the stock’s success. Executives and directors have sold more than $700 million worth of shares in the first half of this year, setting a new record for the company in terms of insider selling.

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