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Business

Nvidia’s Top Shareholders See $36 Billion Wealth Increase

Recent reports have revealed that the top 10 shareholders of Nvidia have collectively seen a staggering increase of $36 billion in their wealth over the past month. Among these individuals are board member and early investor Mark Stevens, chief financial officer Colette Kress, and CEO Jensen Huang.

The surge in Nvidia’s stock price has not only benefitted CEO Jensen Huang but has also significantly enriched other key executives and board members. Huang, whose net worth has skyrocketed from $4 billion to $115 billion, now holds nearly a 4% stake in the company, making him the 12th richest person globally.

Aside from Huang, other notable beneficiaries of Nvidia’s success include CFO Colette Kress, general counsel Tim Teter, and four independent board members who collectively possess over $10 billion worth of Nvidia stock. One prominent board member, billionaire Mark Stevens, has a longstanding history with the company dating back to 1993 when Nvidia was in its infancy.

Stevens, who was initially introduced to Nvidia by Sequoia founder Don Valentine, played a pivotal role in the early investment in the chip company. His involvement with Nvidia dates back to its early days when the firm focused on designing 3D graphics chips for PC games. Stevens’ contributions to the board have been instrumental in Nvidia’s growth and success over the years.

The remarkable surge in Nvidia’s market capitalization to over $3.2 trillion underscores the company’s pivotal role in the tech industry. CEO Jensen Huang’s vision for Nvidia as a leader in accelerated computing and artificial intelligence has propelled the company to new heights, benefiting shareholders and investors alike.

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