Nvidia co-founder Jensen Huang's wealth has soared as a ferocious rally in AI stocks has pushed his company's market capitalization to exceed that of Amazon.com Inc. for the first time. At the same rally, a billionaire was born in Mr. Huang's own family. That person is his distant relative Lisa Su, chief executive officer of Nvidia's rival Advanced Micro Devices, whose stock has doubled in the past year to be worth $1.2 billion.
The presence of two semiconductor billionaires in one family illustrates the scope of the artificial intelligence boom that has come to dominate the stock market and account for most of the wealth gained by the world's richest people this year. ing. Of the 500 richest individuals, 30 attribute at least some of their wealth to companies tracked by the Bloomberg Global Artificial Intelligence Index.bloomberg
Zuckerberg's Meta is the second highest gainer on the S&P 500 index after Nvidia
Together, these holdings have added $124 billion to their net worth so far this year, accounting for 96% of the total wealth captured in the Bloomberg Billionaires Index.
The biggest winners include Mr. Huang and Mark Zuckerberg, whose Meta Platforms company finished second in the S& Index behind Nvidia for the second year in a row. Steve Ballmer rode the wave of optimism surrounding Microsoft's partnership with Open AI, and Michael Dell saw his fortune soar thanks to Dell Technologies and Broadcom's AI efforts.
Charles Liang, co-founder of Super Micro Computer Co., has tripled his fortune to $6.2 billion this year as the company's stock price easily surpassed the profits of other AI companies. KK. And Palantir Technologies co-founder Alex Karp's net worth rose to $2.8 billion last week as the AI-powered software maker's stock soared 31% in one day on the back of strong quarterly profits.
Other billionaires are also indirectly benefiting. SoftBank Group founder Masayoshi Son's net worth rose by $3.7 billion this year after chipmaker ARM Holdings nearly doubled in three trades following financial results showing AI investments are boosting sales. did. ARM is 90% invested by Softbank.
The size of the profits raises questions about the rally's sustainability. Bank of America strategist Michael Hartnett said earlier this month that the rush into tech stocks was starting to resemble the dot-com bubble.
The presence of two semiconductor billionaires in one family illustrates the scope of the artificial intelligence boom that has come to dominate the stock market and account for most of the wealth gained by the world's richest people this year. ing. Of the 500 richest individuals, 30 attribute at least some of their wealth to companies tracked by the Bloomberg Global Artificial Intelligence Index.bloomberg
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Zuckerberg's Meta is the second highest gainer on the S&P 500 index after Nvidia
Together, these holdings have added $124 billion to their net worth so far this year, accounting for 96% of the total wealth captured in the Bloomberg Billionaires Index.
The biggest winners include Mr. Huang and Mark Zuckerberg, whose Meta Platforms company finished second in the S& Index behind Nvidia for the second year in a row. Steve Ballmer rode the wave of optimism surrounding Microsoft's partnership with Open AI, and Michael Dell saw his fortune soar thanks to Dell Technologies and Broadcom's AI efforts.
Charles Liang, co-founder of Super Micro Computer Co., has tripled his fortune to $6.2 billion this year as the company's stock price easily surpassed the profits of other AI companies. KK. And Palantir Technologies co-founder Alex Karp's net worth rose to $2.8 billion last week as the AI-powered software maker's stock soared 31% in one day on the back of strong quarterly profits.
Other billionaires are also indirectly benefiting. SoftBank Group founder Masayoshi Son's net worth rose by $3.7 billion this year after chipmaker ARM Holdings nearly doubled in three trades following financial results showing AI investments are boosting sales. did. ARM is 90% invested by Softbank.
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