AI craze, NVIDIA's stock price skyrocketed, and Huang Renxun's wealth doubled this year

On May 18th, it was reported that Nvidia performed well in the investment boom in the artificial intelligence industry, becoming the best-performing stock in the S&P 500 index this year, and CEO Huang Renxun also received huge profits as a result. According to the Bloomberg Billionaires Index, Huang Renxun's personal wealth has increased by 98% this year, reaching $27

On May 18th, it was reported that Nvidia performed well in the investment boom in the artificial intelligence industry, becoming the best-performing stock in the S&P 500 index this year, and CEO Huang Renxun also received huge profits as a result. According to the Bloomberg Billionaires Index, Huang Renxun's personal wealth has increased by 98% this year, reaching $27.3 billion, making him the highest yielding technology billionaire in the world.

Almost all of Huang Renxun's personal assets come from NVIDIA's stocks and options. Due to investors' expectations that Nvidia will become a major beneficiary of artificial intelligence chatbot ChatGPT and other advancements in artificial intelligence technology, Nvidia's stock and option values have skyrocketed. This is completely opposite to last year's situation, when the sharp drop in technology stocks caused Huang Renxun's wealth to shrink by almost half.

Since January of this year, Huang Renxun's personal net asset growth has surpassed Mark Zuckerberg. Due to a rebound in revenue from Facebook's parent company Meta in the first quarter, Zuckerberg's personal wealth increased by 94% to $88.7 billion.

Nvidia is highly favored by investors and billionaires, and is considered a key supplier to meet the demand for artificial intelligence computing power. Billionaires such as Stanley Druckenmiller and David Tepper also bought NVIDIA stocks in the first quarter. (Chen Chen)