Jensen Huang becomes world's 7th-richest as Nvidia hits intraday record high

Huang's net worth crosses $200 billion

Jensen Huang, co-founder and chief executive officer of Nvidia, saw his net worth surpass $200 billion on Friday morning as the chipmaker's stock hit an intraday record, Forbes' real-time billionaire estimates showed. Huang's fortune was estimated at $203.2 billion, placing him seventh on the world's richest list. He co-founded Nvidia in 1993 and owns about 4% of the company.

Stock record and market capitalization

Nvidia shares rose above $237 before easing to $235.39, up nearly 2%, according to figures cited by Forbes. The intraday move added roughly $3.4 billion to Huang's fortune during the session. Nvidia's market capitalization stood at approximately $5.7 trillion, leaving it about $300 billion short of an unprecedented $6 trillion valuation. Shares have gained roughly 27% year-to-date, on track for a fourth consecutive year of double-digit returns.

Buyback expansion and AI demand

The stock received an additional boost after Nvidia said Monday it was expanding its share repurchase program by a record $150 billion, according to a Bloomberg report cited in the coverage. Investor sentiment has been supported by expectations that AI agents could lift semiconductor demand, including offerings such as Meta Platforms' Muse.

AI security launch and lender caution

Nvidia unveiled a double-layered AI security system on Monday, with the company saying the new framework would have prevented a recent breach of Hugging Face by OpenAI's models. Separately, banking sources and credit managers told Reuters that some lenders are seeking stronger assurances than initially presented about the longevity of chip-generated earnings, even for Nvidia's top-tier AI processors.

Next milestone

Investors are watching whether Nvidia can close above the levels set on Friday and whether its market capitalization advances further toward the $6 trillion threshold in coming sessions.