Nvidia’s CEO Jensen Huang has surpassed the market value of Intel, one of the tech industry’s long-time giants. Huang’s net worth has skyrocketed to $109 billion, overshadowing Intel’s entire market cap, which sits around $96 billion. Nvidia’s explosive growth, fueled by AI and GPU advancements, has been a major contributor to this shift in financial dominance.
Nvidia’s AI products, particularly its advanced GPUs, have been the driving force behind its market capitalization surge over the past year. As AI technologies like ChatGPT demand immense computational power, Nvidia has capitalized on this growing trend. Intel, on the other hand, has struggled, facing financial troubles that have led to a sharp drop in market value.
According to Forbes (thanks digitaltrends), Jensen Huang’s estimated net worth of $109.2 billion makes him wealthier than Intel’s entire company. This remarkable leap in fortune has placed Huang among the world’s wealthiest, surpassing tech magnates like Bill Gates and Michael Dell. In fact, Nvidia is now the third-richest company globally, outpacing tech giants like Google and Amazon.
In contrast, Intel’s decline is significant. The company’s market cap is now at its lowest since 2008, with Intel facing increasing pressure from both shareholders and competitors. The AI wave that Nvidia is riding has seemingly passed Intel by, further deepening the gap between the two companies.
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