![Key Metrics for Social Media Marketing [Infographic]](https://www.socialmediatoday.com/imgproxy/nP1lliSbrTbUmhFV6RdAz9qJZFvsstq3IG6orLUMMls/g:ce/rs:fit:770:435/bG9jYWw6Ly8vZGl2ZWltYWdlL3NvY2lhbF9tZWRpYV9yb2lfaW5vZ3JhcGhpYzIucG5n.webp "Key Metrics for Social Media Marketing [Infographic]")
Jensen Huang, CEO and co-founder of Nvidia, saw his fortune increase by nearly $12 billion on Wednesday, July 31, following a historic day for the company. This remarkable gain surpasses the $9.6 billion he added on February 22 when Nvidia’s shares soared after a robust earnings report, as reported by the Bloomberg Billionaires Index. This recent surge has propelled Huang’s net worth past the $100 billion mark, reaching $102.8 billion, a milestone he hadn’t seen for a week.
Nvidia has experienced significant volatility as investors shifted away from high-flying tech stocks in anticipation of a potential Federal Reserve rate cut in September. However, the trend reversed on Wednesday after Advanced Micro Devices (AMD) delivered a positive revenue forecast, indicating strong demand for artificial intelligence (AI). This optimistic outlook led to a 13% surge in Nvidia’s stock, adding a record $329 billion in value and bringing the company’s year-to-date gain to 136%.
At 61, Huang is now the 14th richest person globally, trailing just behind Michael Dell. Huang has been taking advantage of Nvidia’s stock performance through a 10b5-1 trading plan, selling shares strategically. In June alone, he sold nearly $169 million worth of shares, marking his highest single-month earnings from stock sales. July is expected to exceed this figure due to the relentless demand for Nvidia’s AI-powered chips pushing the stock to new highs.
Huang isn’t the only Nvidia insider capitalizing on the stock’s success. Executives and directors have sold more than $700 million worth of shares in the first half of this year, setting a new record for the company in terms of insider selling.
Have you read?
Countries: Women in the workforce.
Countries: Personal space.
World’s Most (And Least) Religious Countries.
Best Countries to Invest In Travel, Tourism, and Hospitality.
Most Forested Countries In The World.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine’ prior written consent. For media queries, please contact: info@ceoworld.biz
