Nvidia CEO Jensen Huang has had a great wealth week

Nvidia CEO Jensen Huang

Ann Wang/Reuters

Nvidia CEO Jensen Huang is having an incredible week.
On Wednesday, Nvidia became the first $5 trillion market cap company.
Huang’s personal wealth is up over $17 billion this week alone.

It’s a great week to be Jensen Huang.

Nvidia is the world’s first $5 trillion market cap company. Huang’s personal wealth has increased by $17 billion over just the past week. President Donald Trump is hinting that the US could not only open the Chinese market back to Nvidia but might even allow the chipmaker to sell its most advanced product.

According to Bloomberg’s Billionaire Index, Huang is now the ninth richest person in the world, behind former Microsoft CEO Steve Ballmer and ahead of Dell CEO Michael Dell.

Year over year, Huang’s wealth has increased by $51 billion. As of Wednesday morning, Huang is worth $174 billion.

Huang could have been even wealthier. Like other founders, he has diluted his ownership stake over time, though he owns less of Nvidia than Elon Musk owns Tesla or Warren Buffett owns Berkshire Hathaway. Huang has also been approved to sell up to 6 million Nvidia shares this year.

Huang helped push Nvidia even further on Wednesday. During Nvidia’s GTC AI conference in Washington, Huang said that Nvidia expects $500 billion in chip orders, a number that top analysts said showed there was still upside in the world’s largest company by market cap.

During his keynote address, Huang also praised President Donald Trump and his administration, concluding his speech with Trump’s signature slogan, “Make America Great Again.”

Trump likely helped spur the rally even further. During his Asia trip, the president told reporters that he would discuss the potential sale of Nvidia’s most advanced Blackwell chip to China during an upcoming meeting with China’s leader, Xi Jinping. Nvidia has yet to fully secure an agreement that would allow it to sell its less-advanced H20 chips in China.

“We’ll be speaking about Blackwell, it’s the super duper chip,” Trump said.

Amid uncertainty, Nvidia has not provided guidance for re-entering the Chinese market, meaning any potential sales could further juice its outlook.

Huang and Nvidia’s run might not be over.

Later Wednesday, top AI hyperscalers, including Microsoft, Meta, and Alphabet, will all report earnings. If their capex spending spree continues, it could further boost Nvidia, which has previously seen its shares rise when overall optimism about AI spending is boosted.

Read the original article on Business Insider

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