Topline
Nvidia CEO Jensen Huang became the world’s seventh-richest person on Monday, overtaking Dell founder Michael Dell as Nvidia rallied toward another record, bringing Huang’s fortune close to $200 billion for the first time.
Shares of the world’s largest company approached another record.
AFP via Getty Images
Key Facts
Forbes’ Real-Time Billionaires List estimates Huang’s net worth at $191.5 billion as of Monday afternoon, adding $5.6 billion on the day, ranking Nvidia’s chief executive just ahead of Dell, whose fortune dropped $2.9 billion to $191.2 billion.
Huang holds roughly 3% of Nvidia, whose shares rose 2.4%, while shares of Dell—whose founder holds about a 40% stake—declined 5.5%.
The intraday movement would pace a record close for Nvidia, surpassing an earlier all-time high of $216.61, and put its market cap at an all-time record high for publicly traded companies: more than $5.3 trillion.
Nvidia also paces a four-day winning streak that has added about $550 billion to the company’s market capitalization (only 18 U.S. companies have a market cap of $550 billion or more as of Monday).
The latest advancement for Nvidia’s stock comes after Intel CEO Lip-Bu Tan shared a photo of himself with Huang in a post on X, writing that Intel and Nvidia were collaborating on “exciting new products.”
Big Number
$5.36 trillion. That’s Nvidia’s market value as of Monday afternoon, ranking well ahead of Alphabet ($4.7 trillion) as the world’s largest company. Alphabet challenged Nvidia for the top spot last week as both were separated by as little as $100 billion before Nvidia’s latest rally. Nvidia is the only publicly traded company to ever cross the $5 trillion mark for market cap.
What To Watch For
Nvidia will report earnings on May 20. Wall Street projects $78.6 billion in revenue through the chip designer’s latest quarter, representing what would be a 78% annual increase, according to FactSet.
Key Background
Nvidia’s shares have soared as it benefits from high demand for AI infrastructure. The company reported more than $68 billion in sales through its latest quarter, a 73% annual increase, about $62 billion of which came through data center revenue. Alphabet has emerged as a competitor to Nvidia in the AI market, while its “Magnificent Seven” peers have lagged. JPMorgan analysts applauded Google’s AI growth in a note last month, writing the company had showcased “clear, measurable returns” on its AI investments, which Alphabet now expects to swell up to $190 billion in 2026.