Jensen Huang overtakes Bernard Arnault as world’s seventh-wealthiest person as Nvidia surges
Nvidia, alongside a group of other leading tech stocks, jumped Monday, sending the Nasdaq up more than 1%.
Nvidia, alongside a group of other leading tech stocks, jumped Monday, sending the Nasdaq up more than 1%.
Trump said Nvidia’s most advanced AI chips will not be sold to China, a few days after he signaled he would be willing to discuss export controls on them with Xi Jinping.
The company, worth $10 billion a decade ago, has reached record milestones driven by growing AI demand.
Nvidia’s investment in its struggling rival comes less than a month after the U.S. government took a 10% stake in Intel.
The company previously forecast a $5.5 billion hit to sales after the U.S. imposed restrictions on its H20 AI chips.
Nvidia is worth more than the world’s annual military spending and 97% of the planet’s economies.
Shares of the AI chip king have soared nearly 35,000% over the past 10 years.
One analyst suggests Nvidia, the world’s largest company, could reach a $4 trillion market cap this summer, while another says $6 trillion is the peak.
Boeing’s deal with Qatar Airways comes as Qatar offered to donate a $400 million 747-8 jumbo jet for President Donald Trump to use as a temporary Air Force One.
Hundreds of billionaires are poorer since Trump took office. Here are the few who have lost—or gained—the most.