NVIDIA’s Current Upcycle Is Likely To Continue Well Into 2026 And Jensen Huang Is Already Worth $107 Billion

NVIDIA has topped the $3 trillion valuation threshold and is rapidly closing in on Microsoft's apex position within the market's hierarchy. Interestingly, given the duration of a typical semiconductor upcycle, the stock's current bull run can continue well into 2026, which bodes well for the GPU maker's CEO, Jensen Huang.

NVIDIA needs to add just around $140 billion in market capitalization to surpass Microsoft and clench the market's valuation crown.

NVIDIA's relentless rise has allowed its CEO to increase his net worth to around $107 billion, making him the 13th richest person in the world. Bear in mind that Jensen Huang owns 3.5 percent of NVIDIA.

As an illustration of just how extraordinary has been NVIDIA's meteoric rise, consider the fact that Jensen Huang's NVIDIA stake at the start of 2023 was worth just $14 billion!

Also, do note that NVIDIA has contributed over a third of the S&P 500's ~13 percent year-to-date gains!

Of course, the latest upward leg in NVIDIA shares comes as the stock is gearing up for a 10-to-1 split on Friday. As such, each shareholder of record on 06th of June will receive 9 additional shares after market close on the 07th of June, with the stock expected to start trading on a split-adjusted basis from Monday onward.

NVIDIA's Ongoing Upcycle

According to the Bank of America, a typical semiconductor cycle lasts around 3.5 years, with around 10 bullish quarters and around 4 to 5 bearish ones. NVIDIA's latest upcycle began in late 2023, which suggests a further 7 bullish quarters ahead, as per the prevailing norm. This means that the strength in the high-flying stock can continue until mid-2026, with the threat of an inflection point only appearing on the horizon in the second half of 2025.

Meanwhile, Goldman Sachs analysts have already identified the next bullish stimulus for NVIDIA: the upcoming AI PC upgrade cycle. The Wall Street titan notes:

"Most PCs purchased during the pandemic are expected to be replaced soon. We expect discernible new features of AI, enhanced security, and stronger computational power in upcoming PC and mobile device models, incentivizing the US consumer to spend more on newer equipment than historically, creating an unusually stronger cycle."

Of course, this thematic play is already underway. As announced by Huang at the 2024 Taipei International Information Technology Show, the GPU manufacturer has agreed to provide AI chips to ASUS and MSI for their PCs.

Even though the production cadence on NVIDIA's Blackwell chips is just ramping up, the company is already announcing details of its next architecture: the Rubin.

Where do you think Huang's net worth will peak in the current bullish cycle? Will he upstage Elon Musk? Let us know your thoughts in the comments section below.

About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.

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