Nvidia CEO Jensen Huang beats Michael Dell in ‘world’s richest’ list just days after Donald Trump thanked Dell family by name and told Americans that … – The Times of India
Nvidia CEO Jensen Huang has moved ahead of Dell founder and CEO Michael Dell on Forbes’ real-time billionaires list, just days after US President Donald Trump publicly praised the Dell family and reportedly told Americans to “go out and buy a Dell.” According to Forbes billionaire list, Jensen Huang’s estimated net worth reached $191.5 billion on Monday (May 11) afternoon, slightly ahead of Dell’s $191.2 billion fortune. The shift came as Nvidia shares continued their sharp rally, while Dell Technologies stock declined after recently touching an all-time high following Trump’s remarks at a White House Mother’s Day event.
Nvidia stock rally boosts CEO Jensen Huang’s wealth
Forbes’ Real-Time Billionaires List showed Huang added nearly $5.6 billion to his fortune in a single day as Nvidia shares rose 2.4%. Michael Dell, meanwhile, lost about $2.9 billion as Dell Technologies shares fell 5.5%.The latest gains pushed Nvidia’s market value above $5.3 trillion, making it the most valuable publicly traded company in the world. The company is also the first public company to cross the $5 trillion mark in market capitalisation.Nvidia stock has been on a strong run due to rising demand for artificial intelligence infrastructure and AI chips. The company has added around $550 billion in market value over the last four trading sessions alone. The rally also came after Intel CEO Lip-Bu Tan shared a post on X showing himself with Huang and said Intel and Nvidia were working together on “exciting new products.”Nvidia is expected to report earnings on May 20. Wall Street analysts are projecting revenue of $78.6 billion for the latest quarter, which would mark a 78% year-on-year increase.
Donald Trump had recently praised the Dell family
Dell Technologies stock surged last week after US President Donald Trump reportedly thanked the Dell family during a White House event and encouraged Americans to “go out and buy a Dell.” The company’s shares then hit an all-time high of $263.99 on May 8 and gained more than 107% this year.Donald Trump’s remarks came months after Michael and Susan Dell pledged $6.25 billion toward “Trump Accounts,” a programme aimed at creating investment accounts for American children. Under the programme, eligible children born between January 1, 2025, and December 31, 2028, would receive a one-time $1,000 government contribution into tax-advantaged savings accounts.
