AI staged the myth of creating wealth, Nvidia CEO Huang Renxun became the fastest-growing American tycoon

Beijing, May 18 (Xinhua)-- the investment boom in artificial intelligence (AI) has made chipmaker Yingwei the best-performing stock in the S & P 500 this year. At the same time, it has also greatly increased the wealth of Nvidia CEO Huang Renxun (Jensen Huang).

According to the Bloomberg Billionaires Index, Huang Renxun's wealth has risen 98% this year to $27.3 billion, making him the fastest growing tech billionaire in the United States and around the world, currently ranked 49th.

Huang Renxun's net worth has outpaced Mark Mark Zuckerberg's since January. As Meta sales rebounded in the first quarter, Zuckerberg's wealth rose 94% to $88.7 billion.

Phoenix New Media Technology "AI Outpost" learned that almost all of Huang Renxun's wealth comes from Nvidia shares and options. The value of Nvidia's shares and options soared as investors expected the company to be the main beneficiary of ChatGPT's success and other AI advances. This is a big reversal from last year, when Huang Renxun's wealth nearly halved in the collapse of technology stocks.

Investors are attracted to Nvidia because it is seen as a key chip supplier that can meet AI's computing power needs, and billionaire Stanley Druckenmiller and David Tepper's family offices all bought shares in the company in the first quarter.