Jensen Huang is now worth more than Intel — personal net worth currently valued at $109B vs. Intel's $96B market cap
If he decided to buy Team Blue, Huang would still have $13 billion in change.
Nvidia CEO Jensen Huang’s current net worth is listed at $109.2 billion, putting him a significant valuation step ahead of Intel, whose stock price took a beating when its financial troubles were made public in August. The news has gotten to the point that various social media users have been sharing posts about it. See a popular example, below, with the caption encouraging the leather-jacket-loving executive to buy Team Blue.
Do it Jensen! I know you’re thinking about itIt’d be hilarious. We all support you pic.twitter.com/PIyyC1wDAbOctober 5, 2024
The AI frenzy and Nvidia’s performance as the leading AI GPU accelerator manufacturer has supercharged its stock performance, making it the world’s most valuable company by market cap last June. Although its share price has since corrected, dropping by around 10% from its record high, it’s still third in line with the five largest companies, next to other tech giants like Apple, Microsoft, Alphabet (Google), and Amazon.
This jump in stock performance has done wonders for Huang, who directly holds over 75 million Nvidia shares, plus 786 million more through various trusts and a partnership. Even though he has cashed in more than $700 million by selling 6 million shares this year, this is just a drop in the bucket versus the estimated total value of his Nvidia holdings, at over $100 billion. This combination has allowed the Nvidia CEO to jump ahead in Forbes’ real-time billionaires list, putting him in the 11th spot, less than $20 billion shy of breaking the top 10.
One interesting story, though, is that both Elon Musk and Larry Ellison, currently sitting at number one and two on Forbes’ list of richest billionaires, were known to have begged Jensen Huang for more AI GPUs, with the latter confirming the story during Oracle’s latest earnings calls. This adds to the Nvidia CEO’s star appeal, with several A-listers seen attending his keynote at GTC 2024.
On the other hand, Intel, which hasn’t been having a good year, is currently valued at $96.39 billion. Its stock price at the time of writing is $22.59 per share, which is less than half of its record high from late 2023, of over $50. The company’s value plummeted in early August when its financial struggles made a huge splash in the tech and finance worlds. This news caused the company to shed $39 billion in market capitalization practically overnight, with rumors saying that it could be kicked out of the Dow Jones Industrial Average because of this.
While it may be amusing to see that Jensen Huang could buy up Intel and have around $13B in change, it is a highly unlikely move, and no one is expecting an offer to be made. There are also multiple huge regulatory and trust hurdles facing such a deal with the embattled chip maker. However, if Jensen Huang even showed an interest in an Intel purchase, as he did with Arm, it could be a story so big that Musk’s surprise Twitter purchase would seem like a tiny sand grain on the dunes of time.
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Jowi Morales is a tech enthusiast with years of experience working in the industry. He’s been writing with several tech publications since 2021, where he’s been interested in tech hardware and consumer electronics.
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ezst036 That is a LOT of video cards his company has sold over the years, considering he personally only receives around a penny per card, perhaps even less. (at least based on current sales numbers)Reply -
CelicaGT And it could all blow away like a fart in the wind. Nvidia, like Intel, is a one trick pony. They only make one product, if something better and/or cheaper comes along, or the AI bubble bursts all that valuation is gone. Intel is a cautionary tale, not a potential purchase. On that note however, with the brand power Nvidia possesses I'm sure a potent, efficient ARM APU would be VERY well received...Reply -
vanadiel007 It would make sense to diversify, and making CPU's and GPU's could just be providing that option.Reply
But I doubt regulators would approve such a purchase.
Which then leaves the question on how to save Intel. I guess tax payers money is an option. -
hotaru251
did you just call Intel a 1 trick pony?CelicaGT said:And it could all blow away like a fart in the wind. Nvidia, like Intel, is a one trick pony. They only make one product
They make cpu, gpu, network interface, FPGA, etc.
while true it wouldnt be gone fast enough before they pivot to whatever the new hot thing is (and the people at Nvidia are smart enough to do so)CelicaGT said:if something better and/or cheaper comes along, or the AI bubble bursts all that valuation is gone. -
Dustyboy1492 Why make a dig on Intel? Why not just a story about Huangs wealth? I think I know why.Reply -
ManDaddio If we all made the same choices Jensen did we'd be in his position. But we didn't. That's our fault. Not his.Reply
Even if people invested money in stocks or companies most people would be well off. But most people are not because they don't make those choices.
Myself included. There is no shame in success. -
Elrabin
Even without the painfully obvious fanboyism of your user icon, you're so wrong it's laughable.CelicaGT said:And it could all blow away like a fart in the wind. Nvidia, like Intel, is a one trick pony. They only make one product, if something better and/or cheaper comes along, or the AI bubble bursts all that valuation is gone. Intel is a cautionary tale, not a potential purchase. On that note however, with the brand power Nvidia possesses I'm sure a potent, efficient ARM APU would be VERY well received...
Tell me you know absolutely nothing about datacenter and enterprise IT without telling me you know absolutely nothing.
Their purchase of Mellanox made them a leading player in both Enterprise/Datacenter Networking and switching as their ownership of Infiniband is critical in HPC and supercompute in general.
They're as much a software pipeline company as a GPU company these days with their prepackaged containers, management products and APIs for various industries including, but not limited to automotive, aerospace, simulation, visualization, rendering, civil engineering, AI and gaming.
EDIT: Also, in regards to ARM......Nvidia has been making ARM APUs for a hell of a long time.
Nvidia Shield handheld, then Tablet, then console.
They also make an automotive version with workstation class GPUs and a few variants for datacenter called Grace Hopper and soon Grace Blackwell with 700+ watt GPUs per APU -
jeremyj_83
NVidia also has a networking business. They bought Mellanox in like 2020.CelicaGT said:And it could all blow away like a fart in the wind. Nvidia, like Intel, is a one trick pony. They only make one product, if something better and/or cheaper comes along, or the AI bubble bursts all that valuation is gone. Intel is a cautionary tale, not a potential purchase. On that note however, with the brand power Nvidia possesses I'm sure a potent, efficient ARM APU would be VERY well received...