Nvidia’s surge puts CEO Jensen Huang on cusp of cracking world’s 20 richest

Nvidia Corp. Chief Executive Officer Jensen Huang said artificial intelligence has hit a “tipping point,” sending the stock to new dizzying heights.

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The renewed rally has Huang on the verge of his own breakthrough: becoming one of the 20 richest people in the world.

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Huang’s wealth jumped $9.6 billion to $69.2 billion. A gain that leapfrogged him ahead of Charles Koch and Chinese bottled-water tycoon Zhong Shanshan to 21st place on the Bloomberg Billionaires Index.

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Nvidia surged 16% Thursday to a record high, adding about $277 billion in market value. That was the biggest single-session increase in market history, beating Meta Platforms Inc.’s $197 billion gain earlier this month.

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Nvidia’s rally boosted the fortunes of the 30 billionaires on Bloomberg’s wealth list who attribute at least some of their wealth to AI by a combined $42.8 billion.

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Huang is now just behind Julia Flesher Koch and Alice, Rob and Jim Walton on the wealth index.

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