At a time when multinational businesses and their owners are on the edge due to the economic slowdown, a California-based businessman named Jensen Huang is witnessing his company's peak. Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday’s spike in the US stock market, his holdings now stand at more than $90 billion. It means, Jensen Huang's net worth has soared up by $87 billion in just 5 years. As per US media reports, Jensen Huang owns about 86.76 million shares of Nvidia, or more than 3.5% of the company’s outstanding shares. With the stock rising over 9% to close at a price of nearly $1,038 per share on Thursday, the value of his stake rose by about $7.7 billion. Forbes also confirmed this and placed Jensen Huang in the top 20 richest people in the world. Now, the question arises who is Jensen Huang? Below is all about Nvidia CEO Jensen Huang-
Who is Jensen Huang?
Based in Los Altos, California, Jensen Huang is the Co-Founder & CEO of Nvidia. Jensen Huang's LinkedIn bio says, "Twenty-five years ago, I founded NVIDIA with Chris Malachowsky and Curtis Priem to solve the problem of 3D graphics for the PC. Our invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics, and revolutionized parallel computing. GPU computing went on to ignite modern AI — the next era of computing — with the GPU acting as the brain of computers, robots, and self-driving cars that can perceive and understand the world."
Talking about Jensen Huang's educational qualification, he studied in Oregon State University from 1980 to 1984. Thereafter, he studied in Stanford University from 1990 to 1992. Jensen Huang founded Nvidia in 1993. To be precise, Nvidia designs the highly coveted semiconductors used to power and store data for generative AI.
As per reports, Nvidia has been developing AI software and tools for more than a decade. Therefore, amid the AI race, Nvidia ended up in prime position to become the top supplier to the biggest technology companies. The company now has about 80% of the market for AI chips.
During its initial days, Nvidia used to build GPUs for 3D gaming. While gaming was the company’s biggest business for decades, Nvidia has switched to other markets, including cloud gaming subscriptions, the metaverse, and cryptocurrency mining chips.