NVIDIA's CEO Jensen Huang is now worth more than Team Green's arch-rival Intel, reaching a net worth of $109 billion, marking an impressive milestone.
NVIDIA Has Added Almost "20x Intel" In Terms Of Market Capitalization In 12 Months, Showing Shocking Progress With CEO Jensen Now Valued More Than Intel
Well, it won't be wrong to say that NVIDIA has capitalized immensely on the AI hype, to the point where the firm has seen its market cap almost grow by three times in just a year. With every mainstream tech firm getting involved in building their very own AI compute portfolio, NVIDIA's offerings were pretty much in hot demand throughout the year, especially the Hopper generation, which played a pivotal role in where NVIDIA is today.
Jensen Huang is now worth more than Intel $INTC 😲 pic.twitter.com/uHVhXlZNna
— Evan (@StockMKTNewz) October 5, 2024
Now, NVIDIA's CEO, Jensen Huang, has reached a net worth that is larger than Intel combined, which shows the level of progress Team Green has made over the past few months. Just on paper, Jensen himself can acquire Intel based on the firm's valuation, which also shows us how distant the competition has become between Intel and NVIDIA. However, apart from NVIDIA's gigantic growth, another factor that has led to Jensen reaching this stage is the surprising downfall of Team Blue and its chip business, which we'll talk about next.
By now, everyone is aware of Intel's constant decline in business revenue and the strategies it has adopted in the past few quarters. Intel has seen its valuation drop by over $30 billion in just a day, and the firm is currently undergoing its worst financial period in 50 years.
While many factors are associated with this decline, a lack of business opportunities has played a major role, followed by the firm's ineffective execution of its ambitions related to the foundry and chip divisions.
The current market dynamics clearly show us how a business falls apart when it doesn't manage to keep up with trends, and Intel's lack of involvement in the AI frenzy certainly has cost them enormously. As for Jensen, well, he is riding the AI wave with confidence, and NVIDIA's future is brighter than ever, especially with the anticipation surrounding NVIDIA's Blackwell architecture.
About the author: Muhammad Zuhair is a hardware and technology reporter for Wccftech, specializing in the semiconductor industry and the complex interplay between technology, manufacturing, and geopolitics. His coverage focuses on the corporate strategies and technological roadmaps of industry giants like TSMC, NVIDIA, Samsung, and Intel. Zuhair's expertise lies in deconstructing complex topics such as fabrication nodes (e.g., 2nm process), the economic impact of policies like the CHIPS Act, and the strategic development of AI infrastructure from NVIDIA, AMD and Intel.
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