Jensen Huang just got $12 billion richer in a single day as Nvidia stock soared
- Jensen Huang's net worth soared $12 billion after a record day for Nvidia stock on Wednesday.
- Nvidia stock surged 13%, increasing its market value by a record $327 billion.
Jensen Huang's net worth soared $12 billion on Wednesday after a roaring day for Nvidia's stock.
The co-founder and CEO saw his net worth surge to $103 billion as the company's stock climbed 13%, making him the 14th-richest person in the world, according to Bloomberg data.
The upward move in Nvidia shares came after a strong earnings report from AMD and after earnings results from Microsoft indicated that spending for AI infrastructure, of which Nvidia is the main beneficiary, is not slowing down anytime soon.
Huang's net worth has risen $59 billion this year amid a 141% year-to-date rally in Nvidia stock.
Nvidia ended up adding an unprecedented $327 billion to its market value in a single day. It broke its own record of $276 billion from February, when it reported a big earnings beat.
The single-day surge in market cap is bigger than the entire value of well-known companies, including Bank of America, Coca-Cola, Netflix, and Toyota Motors.
Nvidia shares faltered on Thursday, sliding about 1%, even after earnings results from Meta Platforms confirmed that mega-cap tech companies are continuing to accelerate their AI investments.