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Success of Jensen Huang, founder of the world's most valuable company Nvidia: American company Nvidia, which makes AI chips, has overtaken companies like Apple, Facebook, Microsoft to become the world's most valuable company. On Tuesday, the company's shares rose 3.5 percent and the company's market cap reached $3.34 trillion. This year, Nvidia's shares have risen 174 percent, while last year it rose 239 percent.
Who is the founder of Nvidia?
Nvidia was founded by Jensen Huang. Huang was born in Taiwan in 1963. His childhood was full of hardships. His early childhood was spent in Taiwan and Thailand, then in 1973 his parents sent him to the US to live with a relative. After completing his education here, he enrolled at the University of Oregon in 1984 and graduated in electrical engineering. He received a master's degree from Stanford University on a scholarship in 1992.
Sometimes I worked as a waiter and sometimes I cleaned the toilet
Before starting Nvidia, Jensen Huang worked as a waiter. He has done all kinds of jobs, big and small, to make ends meet. He worked as a waiter at Denny's restaurant for a few months to pay for his studies. Huang himself said during an interview, “No job is too big or small for me. Sometimes I clean toilets and wash clothes for others. At Stanford Graduate School of Business, to make ends meet while studying, he used to wash dishes, clean toilets and wash other people's clothes.”
nvidia startup
While working in the office, he learned a lot about chips. At the age of 30, he started Nvidia with his two friends, Chris Malachowski and Curtis Prime. According to the Wall Street Journal, Nvidia started in a restaurant. In the year 1993, Nvidia launched the first graphics processing unit. They used to work from 6 am till all night, working 14-15 hours a day, as well as working on holidays and weekends. Establishing friendly relations with his employees, sitting with them and having lunch in a cafe. There was a time when the company was on the verge of bankruptcy. But he did not give up, rebuilt the company and made it one of the most valuable companies in the world.
Ahead in earnings
Jensen Huang is ranked first among the highest earners in the year 2024. Huang's earnings have increased rapidly as Nvidia's stock continues to rise. The growing demand for AI and semiconductor chips is affecting the company's shares. According to the Bloomberg Billionaires Index, Huang's net worth reached $74.9 billion this year. He is the 12th richest person in the world with a net worth of $119 billion.
The impact of rising demand for AI chips
In recent times, the demand for AI chips has increased rapidly. Nvidia has benefited from this. Nvidia has a share of about 70 percent in the total sales of AI chips worldwide. The company has recently announced that in the year 2026 it will launch its most advanced AI chip platform Rubin, which has been described as the most powerful chip. The company has achieved the title of the most valuable, leaving behind the world's leading companies.