The earnings call suggested that Nvidia is not slowing down, with demand for its data center platform for AI being high across industries and customers. The company's stocks are up 229% year-to-date and 529% over the past five years, outperforming Meta, Amazon, and Microsoft. If Nvidia continues on its current trajectory, Huang could soon enter the top 25 on Bloomberg's rich list. Other CEOs and founders, such as Bill Gates and Mark Zuckerberg, have also seen their personal wealth grow as a result of company earnings and announcements.
Key takeaways:
- Jensen Huang, the CEO of Nvidia, saw his net worth increase by more than $4 billion overnight due to a better-than-expected earnings call.
- Nvidia's shares spiked more than 8% after the market closed, and the company's revenue from its data center business is up 171% to $10.3 billion.
- The company's bullish outlook reveals confidence that it can continue its Nasdaq run, with stocks up 229% in the year-to-date and up 529% in the past five years.
- If Nvidia continues its trajectory, Huang could soon enter the top 25 on Bloomberg’s rich list, needing to hit $45 billion to displace luxury goods titan Alain Wertheimer.