Jensen Huang’s net worth surpasses $200 billion:Became the world’s 7th-richest person; Nvidia shares hit an all-time high

Jensen Huang, co-founder and CEO of artificial intelligence, or AI, chipmaker Nvidia Corporation, has seen his net worth cross $200 billion. The surge came after Nvidia shares hit an all-time high on Friday. According to the Forbes Real-Time Billionaires List, Huang’s wealth rose to around $203.2 billion, or approximately ₹17 lakh crore, on Friday morning. With this increase, he became the seventh-richest person in the world. $3.4 billion increase, shares cross $237 Nvidia shares hit an all-time high of $237 during Friday’s trading session, increasing Huang’s wealth by $3.4 billion in a single day. However, the shares later slipped slightly from their peak and closed at $233.95, up around 1.3%. Jensen Huang founded Nvidia in 1993 and owns around a 4% stake in the company. Rising global demand for chips used in AI has made Nvidia the world’s most valuable publicly traded company. As a result, Huang’s wealth has also surged. Why are Nvidia shares rising? There are two main reasons behind the rise in Nvidia shares… Market cap rises to $5.7 trillion, nearing $6 trillion Nvidia’s shares have risen by around 27% so far this year, and the company is on track to deliver double-digit returns for the fourth consecutive year. Nvidia’s market capitalisation has now reached around $5.7 trillion. The company is now just $300 billion away from becoming the first company in the world to achieve a $6 trillion market capitalisation for the first time in history. New Double-Layered AI Security System Amid Safety Concerns In recent months, uncertainty had been growing among investors over companies’ heavy spending on AI infrastructure and the threats this technology poses to humanity. To address these concerns, the chip developer based in Santa Clara, California, unveiled a new ‘double-layered AI security system’ on Monday. The system will prevent AI agents from going astray. Nvidia claims that if the system had existed earlier, it could have prevented the recent breach carried out by OpenAI’s models. Debate on Chip Valuations on Wall Street Meanwhile, a debate has begun among analysts and lenders on the US market, or Wall Street, over Nvidia’s financing plan. According to banking sources and credit managers, some lenders are demanding substantial guarantees from the company against the value of its advanced chips and infrastructure. They are assessing how long the revenue generated from these chips will remain sustainable. Knowledge Box: What is a ‘share buyback’? When a company buys back its own shares from the stock market, it is called a ‘share buyback’. This reduces the availability of shares in the market, increasing earnings per share and supporting the share price.