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Post: 4 billionaires getting even richer from AI

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4 billionaires getting even richer from AI
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Nvidia CEO Jensen Huang at the Bipartisan Policy Center on September 27, 2024, in Washington, D.C. – Photo: Chip Somodevilla (Getty Images) The artificial intelligence boom has sent shares and net worths to new heights this year, meaning some billionaires have only been getting wealthier.

While most eyes have been on AI chipmaker Nvidia ( NVDA ) and its CEO Jensen Huang, some of his fellow tech billionaires have also seen their net worths grow as their companies invest more in the technology.

Here are four billionaires getting even richer this year thanks to AI. Jensen Huang

Nvidia CEO Jensen Huang at the Bipartisan Policy Center on Sept. 27, 2024, in Washington, DC. – Photo: Chip Somodevilla (Getty Images) Nvidia founder and chief executive Jensen Huang has seen his net worth skyrocket during the AI hype due to demand for the company’s AI chips, which power some of the world’s leading AI models.

Huang’s net worth has climbed $63.5 billion so far this year to $107 billion, according to the Bloomberg Billionaires Index . The majority of Huang’s net worth comes from his 3.5% stake in Nvidia, according to Bloomberg.

According to the Forbes Billionaires List , Huang’s real-time net worth was $108.6 billion as of Friday afternoon.

In September, Nvidia rejoined the $3 trillion market-cap club during an uptick in its shares, adding about $2.3 billion to Huang’s net worth.

Ever since shares of Nvidia reached an all-time high in June , the chipmaker’s stock has experienced some turbulence . However, the company’s shares have climbed around 158% so far this year, and compared with a year ago, Nvidia’s stock is up over 180%.

In June, Nvidia briefly surpassed Apple in total market cap and crossed the $3 trillion threshold for the first time. Weeks later, Nvidia overtook both Apple and Microsoft to become the world’s most valuable public company. Despite since falling back into third place, Nvidia remains the most valuable semiconductor company in the world. In February, it became the first semiconductor company to reach a $2 trillion valuation after reporting record fourth-quarter earnings . Michael Dell Dell CEO Michael Dell at the […]

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