Jensen Huang doesn’t usually have bad days, financially speaking. The American businessman’s fortune has grown steadily in recent years, multiplying by 30, from $3 billion in March 2019 to $93 billion today. And all thanks to Nvidia, the fashion company that is already the third largest market capitalization, with a value that reaches $2.6 trillion, only behind the transatlantic Apple and Microsoft.
However, not everything in life can be good news and this week, the CEO of Nvidia suffered the largest single-day loss of capitalization ever recorded by a company. Shares of the American company fell by 9.5% amid the largest drop in chip values. In addition, the semiconductor company had received subpoenas from the Department of Justice as part of an antitrust investigation, it was announced. Bloomberg.
Jensen Huang thus leaves the $100 billion club and sees how other fortunes, such as the Walton brothers (Jim, Rob and Alice) or the Indian Gautam Adani, surpass him in the Bloomberg billionaires index. Despite this, the Taiwanese migrant has seen his assets increase by $51 billion so far this year.
Huang co-founded Nvidia more than 30 years ago, in 1993, but the company’s value didn’t really take off until late 2022, when the launch of ChatGPT ignited the artificial intelligence (AI) craze. Nvidia’s stock price has soared more than 600% since then, from less than $15 to $108 as of Tuesday’s close.
Who would have thought that this legendary company of the 90s, which revolutionized the world of video games with the development of graphics chips, had become what it is today. “We do not find our inspiration in the size of the market, but in the importance of the work, because the importance of the work is an early indicator of the future market,” Huang confessed during a conference at the Stanford Graduate School of Business.
