Nvidia rose by $250 billion in one day, Jensen Huang is now the 21st richest person in the world

by alex

Nvidia shares rose in price after the publication of last year's financial report

Nvidia showed the largest one-day increase in the value of a company of all time in the history of Wall Street: in one day, Nvidia's market capitalization added $250 billion – and exceeded the $1.9 trillion mark. Against the backdrop of strong quarterly and annual reports, the company's shares rose by 15% – up to $774.18.

Nvidia's growth is driven by growing demand for GPUs, with the world's largest high-tech companies (including Open AI, Microsoft, Google) rushing to expand their computing capabilities to train artificial intelligence. Nvidia currently controls approximately 80% of the AI ​​GPU market.

Nvidia capitalization is growing – its leader also becomes richer. Jensen Huang's fortune increased by $8.5 billion in one day – to 68.1 billion. And this allowed him to take 21st place in the ranking of the richest people on the planet Bloomberg Billionaires Index.

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