Nvidia CEO Jensen Huang's Net Worth Soars To $44B, Surpassing Warren Buffett And Bernard Arnault In 2023
Portfolio Pulse from Anan Ashraf
Nvidia CEO Jensen Huang's net worth soared to $44 billion in 2023, surpassing Warren Buffett and Bernard Arnault, due to a 246% surge in Nvidia stock. Huang owns a 3.5% stake in Nvidia, with his shares now valued at about $43 billion. Nvidia's Q3 earnings were $4.02 per share, beating estimates and showing significant year-over-year and sequential growth. Revenue also exceeded forecasts, and the company is targeting $20 billion in Q4 revenue. The stock rise is attributed to optimism about Nvidia's role in AI.
December 30, 2023 | 9:16 am
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Nvidia's stock surge and strong Q3 earnings have significantly increased CEO Jensen Huang's net worth. The company's role in AI and expected Q4 revenue of $20 billion may continue to drive investor optimism.
The article directly attributes the increase in Jensen Huang's net worth to the surge in Nvidia's stock price, which is a result of strong financial performance and positive market sentiment towards Nvidia's AI capabilities. The company's Q3 earnings beat and revenue growth are likely to maintain investor confidence in the short term, potentially leading to a continued positive impact on the stock price.
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