Home » Business » NVIDIA Stock Price Hits Record High of $522.53 – Huang Renxun Becomes Second Richest Chinese Person

NVIDIA Stock Price Hits Record High of $522.53 – Huang Renxun Becomes Second Richest Chinese Person

NVIDIA’s U.S. stock price soared 6% on the 8th, with its stock price breaking through the $500 mark and standing at the $522.53 mark, setting a new record. It also brought the market value to $1.29 trillion, continuing to rank among the top five companies in the United States. The godfather of AI and the “Tainan boy” Huang Renxun, known as the savior of Taiwan stocks, is worth $46.4 billion, which is equivalent to about NT$1.44 trillion. He has advanced to 23rd in the Forbes ranking, officially surpassing the founder of Douyin. Zhang Yiming became the second richest man in the Chinese circle.

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Huida soars to new high prices! “Tainan girl” Huang Renxun has become the second richest Chinese person with a net worth of 1.44 trillion yuan.File photo: Central News Agency

Huang Jen-Hsun’s net worth has increased by more than 300 billion yuan since he came to Taiwan as “1 Trillion Man” in May last year, and has increased by as much as one trillion yuan from the end of 2022. According to the latest ranking of Forbes’ billionaires, it jumped from 34th at the time to 23rd after the close. Zhong Suisui, second only to Nongfu Spring among the Chinese richest people, has officially surpassed Douyin founder Zhang Yiming (30th, US$42.3 billion), and also surpassed Tencent founder Ma Huateng (42nd, US$33.9 billion), Binance’s Changpeng Zhao (46, $33 billion).

Huida officially broke through the $500 mark on the 8th and set a new sky-high price

Huida closed at US$490.97 the day before, but benefiting from the favorable AI PC new product applications and the “cheap new price” argument, the stock price soared to US$522.75 on the 8th. Since Huida soared from US$195 in early January 2023, it has grown by 183% in one year.

Huida’s market value at the end of 2021 was only US$685 billion, but now it is as high as US$1.29 trillion, which is equivalent to an increase of US$600 billion in the past two years, equivalent to NT$18.75 trillion, which is quite amazing. “Tainan Girl” Jen-Hsun Huang went to the United States to study when he was a child and became the godfather of AI. After his net worth exceeded one trillion yuan, he was known as a trillionaire. In addition to dressing up in a rock star’s leather jacket and adding witty words, he unexpectedly set off a wave in Taiwan. “Technology Star Chasing Trend”.

Huida launched three desktop computer graphics chips (GPUs) at the Consumer Electronics Show (CES) in Las Vegas. At the same time, it said at a briefing that these chips are updated versions of existing products and will be used in “very large quantities”. “Great new price” is now available. Helping the AI ​​PC trend, driven by Huida’s record high, Taiwan’s AI server-related concept stocks, such as Quanta, Gigabyte, Wistron, and Wiwing, all rose by more than 1% this morning (9th). Quanta rose 5 yuan, the stock price reached 219 yuan, an increase of 2.34%. Gigabyte even rose by 10 yuan, with the highest increase of 4.14%, and the stock price reached 251.5 yuan. However, as the market suddenly changed color after 10 o’clock, some investors chose to get out and put their money in their pockets, and the gains of the above-mentioned stocks converged.

Huida’s share price hit a record high of $522.75 on the U.S. stock market on the 8th.Picture/reproduced from Yahoo stock market

  • Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media. From the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care about you.

2024-01-09 02:52:08
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