NVIDIA CEO made $64 billion in one day

Jensen HuangCEO and co-founder of Nvidiasaw his fortune grow US$ 11.2 million (approximately R$64 billion) in a single day. This increase occurred last Wednesday (30) and represents his biggest gain in such a short time.

Nvidia shares are up 13%, accumulating a 136% appreciation this year alone, reaching a historic market value of US$329 billion (around R$1.89 trillion). The previous record was reached on February 22 of this year, when he added US$9.6 billion (around R$55 billion) to his assets after a jump in the company’s shares.

With this, Huang raised his total net worth to $102.8 billion, surpassing the $100 billion mark in a week for the first time. He is currently the 14th richest person in the worldright behind Michael Dell, chairman and founder of Dell.

NVIDIA under investigation in the US

But not everything is rosy. Nvidia, responsible for around 80% of global GPU production and 98% in the data centerhas benefited from positive investor expectations due to the demand for solutions artificial intelligence (IA).

However, this market leadership has also brought challenges for the company. Recently, the US Department of Justice (DOJ) launched an investigation into Nvidia’s possible excessive influence on the global economy.

The DOJ wants to understand whether Nvidia used its dominant position to block the entry of competitors. To do so, it contacted companies such as AMDamong other rivals. The investigation also examines the integration between software and hardware in Nvidia’s components, especially since the AI ​​market depends on a key platform called CUDA — which operates exclusively on Nvidia platforms and has software locks that prevent use with competing products.

Jonathan Ross, CEO of AI startup Groq, mentioned that Nvidia has already used its influence in harmful ways.

“Many people we met with say that if Nvidia found out about the meeting, they would ban it. [Eles diriam] “Too bad, you are also buying from others, so your orders will take a year or more.”

The DOJ is also seeking evidence of additional charges on data center equipment for customers who purchased GPUs from competitors such as AMD and Intel.

Source: Digital Trends