Huang, who co-founded Nvidia in 1993, has played a significant role in transforming the company from a video-game graphics chip maker to a leading supplier of accelerators for AI software training. The company doubled its revenue in the last quarter and has a positive outlook for increasing demand and supply over the next year. Nvidia outsources its chip fabrication to Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co.
Key takeaways:
- Nvidia Corp.’s CEO Jensen Huang's fortune increased by as much as $4.2 billion after the company’s latest earnings and forecast beat estimates.
- The company's shares surged as much as 10% in aftermarket trading, boosting Huang’s total fortune to $46.1 billion.
- Huang’s 3.5% stake in Nvidia makes up the vast majority of his fortune, and the company's shares have more than tripled in value this year due to the rise of AI demand.
- Nvidia doubled its revenue in the last quarter and offered a bullish outlook for growing both demand and supply over the coming year.