AI Riches

AI Riches

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  • Following Nvidia CEO Jensen Huang's company surpassing profit and forecast expectations, his fortune experienced a notable surge of $4.2 billion. This gain was propelled by the company's shares, which climbed by up to 10% in post-market trading. Consequently, Huang's overall wealth reached $46.1 billion. Current indicators suggest that his capability to sustain this increase might position him among the 25 wealthiest individuals globally. 
  • The company's shares witnessed a remarkable upswing during the pandemic, as the cryptocurrency upsurge drove heightened utilization of its chips for mining purposes. Despite later experiencing a nearly two-thirds decline over a year, the shares rebounded. In the ongoing year, the company's value has more than tripled due to surging demand for AI technologies.

Why it matters

Demonstrating its robust progress, the company's revenue experienced a remarkable doubling in the latest quarter. Notably, the company has inked agreements with key players like Taiwan Semiconductor Manufacturing and Samsung Electronics to manufacture chips.


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