Nvidia CEO Jensen Huang’s early completion of a stock sale plan under Rule 10b5-1 has sent NVDA shares soaring. The move comes amidst a strong year for Nvidia, driven by its position in the booming AI market.
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Nvidia’s stock surge has propelled the S&P 500 index higher, with the chipmaker’s performance accounting for a significant portion of the index’s gains. CEO Jensen Huang’s wealth has also skyrocketed, making him one of the fastest-rising billionaires due to Nvidia’s dominance in the AI market.
Jensen Huang, CEO and founder of Nvidia, has ascended to the 11th richest person globally, surpassing Mukesh Ambani and Ratan Tata on the Forbes billionaire list. Nvidia has also become the world’s most valuable publicly traded company, exceeding tech giants Microsoft and Apple in market capitalization.
In a candid interview, Jensen Huang, CEO of tech giant Nvidia, revealed that he had no idea how he started the company in 1993. Despite the company’s current $2.2 trillion valuation, Huang admitted that he and his co-founders were inexperienced entrepreneurs. He believes that the superpower of entrepreneurs lies in their ability to underestimate the challenges they face. While he recognizes the pain and suffering involved in running a company, Huang emphasized that entrepreneurs trick themselves into thinking it’s not that hard because they have to.
Nvidia CEO Jensen Huang’s compensation surged 60% to $34.2 million in the fiscal year, driven by the strong demand for the company’s AI chips.
Nvidia CEO Jensen Huang attributes his success to his belief in core life skills, such as giving your best effort in any task. He emphasizes the value of transferable skills learned from ordinary chores like washing dishes, highlighting their relevance in the fast-paced technology industry.
Mark Zuckerberg and Jensen Huang, the CEOs of Meta and Nvidia respectively, share a close friendship and a passion for technology. They have been known to exchange ideas and experiences regarding their businesses, with Zuckerberg praising Huang’s business acumen and contributions to the AI industry.