Nvidia CEO Jensen Huang

Jensen Huang, CEO of Nvidia, experienced a remarkable net worth increase of nearly $12 billion after Nvidia's stock surged 13% on July 31, 2024, following positive earnings reports from Microsoft and AMD. This surge added $329 billion to Nvidia's market value, marking a record for the company amidst strong demand for AI infrastructure and chips. Huang's fortune now stands at approximately $102.8 billion, making him the 14th richest person globally. The stock's performance has been buoyed by expectations of continued AI investments from major tech companies, with Nvidia benefiting significantly as a leading supplier. Despite a slight decline in stock price the following day, analysts maintain a strong buy rating on Nvidia, reflecting robust market confidence. Huang's substantial gains this year underscore Nvidia's pivotal role in the AI market's growth and investor enthusiasm.