Nvidia's stellar performance propels CEO Jensen Huang to 21st spot on global rich list

midian182

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In context: Nvidia's roaring success isn't just good news for investors in the company; it's also made CEO Jensen Huang the 21st richest person in the world. Nvidia reported another excellent quarter recently, exceeding Wall Street's expectations and adding $277 billion to its stock market value. Huang's 3.5% share in Team Green has pushed his net worth to almost $70 billion, moving him just outside the top twenty on Bloomberg's Billionaires Index.

The AI boom continues to line Nvidia's pockets. The company reported record sales and a huge revenue jump for the final quarter of 2023, with total earnings hitting $22.1 billion, up 265% compared to the same period a year earlier.

The impressive performance, which exceeded analysts' high expectations, pushed Nvidia's stock price up more than 16%, from $667 to $785, bringing its market cap to $1.94 trillion. Reuters notes that the $277 billion added to the company's value was the largest one-day gain in history, beating the previous $196 billion record held by Meta, which it only attained on February 2.

Nvidia is now the third most valuable company in the US behind leader Apple and second-place Microsoft. It's also the fourth most valuable globally, sitting behind Saudi Aramco.

It's all good news for Huang, of course. Nvidia's success has boosted its CEO's wealth by $9.6 billion to $69.2 billion. Bloomberg writes that the gain has pushed Huang above Charles Koch and Chinese bottled-water tycoon Zhong Shanshan to 21st place on the publication's Billionaires Index.

Huang has shot up the list over the last 12 months; he was in 128th place with a net worth of $13.5 billion early last year.

Nvidia owes its success to the AI revolution. The company's Data Center business grew 409% YoY in Q4, generating $18.4 billion in revenue. Nvidia now controls around 80% of the high-end AI hardware market.

Nvidia's rally has also increased the fortunes of 30 other billionaires on Bloomberg's list whose wealth can be at least partly linked to AI. Charles Liang, CEO of Super Micro Computer Inc., saw the biggest increase, jumping 33%.

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I think we really need some more testimonials from people who insist they never pay more than $300 for a videocard in this topic.
 
The only thing left to do is to keep raising GPU prices I guess.

They don't need gaming GPUs to make money anymore... I bet they will split gaming GPUs and AI accelerators in two separate companies sooner than later so the GPU making part don't drag their AI bussiness.
 
The only thing left to do is to keep raising GPU prices I guess.
Nvidia wants investors to perceive that they can chew gum and dribble the ball at the same time. If they raise the prices too much in the consumer space they will inevitably lose market share. Unfortunately they proved even with current lineup they gained market share. From the rumors AMD might attempt to fortify the midground with rdna 4 and ps5pro to gain some significant market share back. It seems the market is rejecting 4090s above MSRP, 4080 supers above MSRP and the rest of the lineup at or above MSRP as well. Will the Blackwell 5080 which should normally have superior performance to the 4090 be priced at above the 4080 initial price of $1200 or 4080 super at $999? Since the market is rejecting the earlier then ai don't see them raising the price above that $1200 mark at least for the 5080. The lower we go in the stack the harder it will be for Nvidia to increase the prices. Unless Nvidia can offer an revolutionary approach to RT performance. If the majority of the market still plays with mostly rasterization games Nvidia would have to provide a revolutionary rt performance gain in the midrange imo. Truck sized rumors suggest that Nvidia's dlss should bring 2.5x performance delta in rt with Blackwell. 4090 rt performance in the midrange anyone? I wouldn't hold my breath.
 
Nvidia wants investors to perceive that they can chew gum and dribble the ball at the same time. If they raise the prices too much in the consumer space they will inevitably lose market share. Unfortunately they proved even with current lineup they gained market share. From the rumors AMD might attempt to fortify the midground with rdna 4 and ps5pro to gain some significant market share back. It seems the market is rejecting 4090s above MSRP, 4080 supers above MSRP and the rest of the lineup at or above MSRP as well. Will the Blackwell 5080 which should normally have superior performance to the 4090 be priced at above the 4080 initial price of $1200 or 4080 super at $999? Since the market is rejecting the earlier then ai don't see them raising the price above that $1200 mark at least for the 5080. The lower we go in the stack the harder it will be for Nvidia to increase the prices. Unless Nvidia can offer an revolutionary approach to RT performance. If the majority of the market still plays with mostly rasterization games Nvidia would have to provide a revolutionary rt performance gain in the midrange imo. Truck sized rumors suggest that Nvidia's dlss should bring 2.5x performance delta in rt with Blackwell. 4090 rt performance in the midrange anyone? I wouldn't hold my breath.

Its no longer a gaming company bro, they just dont care. Gaming has become a tiny portion of its revenue in 2024. As some others have mentioned they might split into 2 companies or just leave the gaming industry all together cause its not really a big money maker for them anymore.
 
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