Kathmandu. Chip maker Nvidia has made history. On Wednesday, it became the world’s first company with a market value of $5 trillion.
The company has benefited from the boom in the AI space and reached a new milestone. Nvidia shares, which have been moving fast in the race for AI, were trading with strong gains of about 5%.
The CEO of Nvidia is Jensen Huang. He is one of the top 10 billionaires in the world. However, his story of getting rich is quite interesting.
The unique feature of history-making Nvidia is that it became the first $5 trillion company just 3 months after crossing the 4 trillion market capitalization. Nvidia’s price has now surpassed the value of the entire cryptocurrency market.
According to reports, Nvidia’s stock has increased 12 times since the launch of ChatGP in 2022.
On Tuesday, Santa Clara-based chip company CEO Jensen Huang unveiled a $500 billion AI chip order and announced plans to build seven supercomputers for the US government. According to reports, the Nvidia Blackwell chip may be discussed at a meeting between US President Donald Trump and Chinese President Xi Jinping later this week.
CEO Huang was once a waiter
Nvidia CEO Jensen Huang is 62 years old and needs no introduction. However, his journey is a testament to hard work and struggle. Which has taken his company to great heights. This can be inferred from the fact that in his early days, Huang worked as a waiter and washed dishes in restaurants. Huang, who is of Taiwanese descent, also worked as a dishwasher, waiter and busboy at Denny’s, Oregon, in the 1980s, according to the LinkedIn profile of the $5 trillion company’s CEO.
9th richest person in the world today
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Jensen Huang faced challenges in his early days. He is currently ranked 9th in the list of the world’s top 10 billionaires.
According to the Bloomberg Billionaires Index, Jensen Huang has a net worth of $ 174 billion. Nvidia’s net worth has increased by $ 8.16 billion in the last 24 hours. Huang founded Nvidia in 1993 and has led it ever since.
