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Miami Herald
a day ago
- Business
- Miami Herald
Nvidia CEO hits Warren Buffett milestone
For decades, Warren Buffett has been a beacon for disciplined wealth-building. These days, though, a different kind of empire is flipping the script, and one that's built not on insurance or burgers, but silicon chips and code. Don't miss the move: Subscribe to TheStreet's free daily newsletter Nvidia's (NVDA) AI-powered ascent has pushed the business into record territory, positioning it as the world's most valuable tech giant. Its chips power everything from ChatGPT to robotaxis. However, beyond Nvidia stock's staggering ascent, another quiet story is unfolding - one that involves a black leather jacket, a data center, and a fortune that's suddenly worth watching. Image source: Chesnot/Getty Images It never ceases to amaze me how quickly Nvidia's value has jumped since the AI boom kicked into high gear. Just a couple of years ago, Nvidia skyrocketed past the $1 trillion mark, and by mid-2024, it had already crossed $3 trillion. Then, on July 9, 2025, it briefly became the first company to touch the $4 trillion market cap, underscoring its mission-critical role in powering the AI boom. Related: Veteran analyst drops new clue on Nvidia's next big move That meteoric rise has everything to do with Nvidia CEO Jensen Huang's dynamic leadership. He spotted early on that its powerful GPUs, thought of mostly as gaming hardware, would be ideal for training and running AI models. In no time, Nvidia pivoted to becoming the go-to supplier for data centers, powering everything from generative AI to autonomous vehicles. The tech behemoth built its empire with CUDA brains, blazing H100 and H200 chips, and a cloud crew featuring Amazon, Microsoft, and Google. Its GPUs are the brains behind today's AI boom, running in massive data centers owned by the biggest tech heavyweights. More Tech Stock News: Wall Street pro drops bold price target on Circle stockBank of America drops shocking call on Super Micro stockCathie Wood drops bold message on Apple, Tesla stock Naturally, Nvidia's AI-fueled rocket ride has led to a windfall in sales. Analysts now expect full-year earnings to top $100 billion this year, a far cry from just $4.37 billion in 2023. So hitting $4 trillion isn't just a vanity milestone. It's a statement on how Nvidia's chips have become the key engine that's powering the AI era, and how a bet on the future of computing could redefine its long-term growth runway. Jensen Huang isn't just writing new chapters in Nvidia's AI growth story; he's crafting a personal one, too. He's not from Wall Street and doesn't run a bank. And he didn't make his fortune the Buffett way. Yet Jensen Huang has quietly stepped into a rare position. On Friday, Huang's net worth catapulted to an eye-popping $143.7 billion, according to Fortune, pushing him ahead of the Oracle of Omaha, who sits at $142.1 billion. Bloomberg's Billionaires Index shows a close race, with Huang at $143 billion and Buffett slightly ahead at $144 billion. Huang's explosive rise with Nvidia has been impossible to ignore, with his fortune ballooning by $29 billion this year alone. Related: Veteran analyst drops massive call on AMD stock With that kind of windfall, it's no surprise Huang is diversifying. From July 8 to July 10, he sold about $36.4 million worth of stock. That comes just after another $35.55 million sale earlier in the week. It's important to note that these moves are part of a prearranged plan announced in March to sell up to 6 million shares by the close of the year. In a similar move last year, Huang sold $700 million worth of stock. He's not the only insider taking profits. Longtime board member Brooke Seawell sold off $24 million in Nvidia shares around the same time. However, despite these insider sales, Nvidia shares have held up remarkably well. As mentioned earlier, the company recently surpassed a $4 trillion market cap, leapfrogging Microsoft and Apple. Also, it's important to note that Huang remains all-in, holding over 858 million shares through direct stakes, trusts, and partnerships. Related: Wall Street giant shares bold message on S&P 500's Magnificent 7 The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Insider
3 days ago
- Business
- Business Insider
Nvidia (NVDA) CEO Jensen Huang Reaches Warren Buffett in Net Worth
Nvidia (NVDA) CEO Jensen Huang has reached Warren Buffett in net worth, a major milestone that has been driven by Nvidia's booming success in the AI chip space. According to Fortune, Huang's wealth reached $143.7 billion on Friday morning, which puts him just ahead of Buffett's $142.1 billion. At the same time, Bloomberg 's Billionaires Index showed that the two are nearly tied, with Huang at $143 billion and Buffett at $144 billion. Regardless of the exact numbers, Huang's fortune has grown by about $29 billion so far in 2025. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. As a result, the Nvidia chief has been working to diversify some of his wealth. Indeed, between July 8 and July 10, he sold roughly $36.4 million worth of Nvidia stock after selling $35.55 million worth of stock earlier in the week. These sales are part of a plan that he set up in March to sell up to 6 million shares by the end of the year. Interestingly, last year, he sold $700 million through a similar pre-planned agreement. Meanwhile, Brooke Seawell, a board member since 1997, also sold about $24 million worth of Nvidia stock. Still, even with these large sales, Nvidia shares are up on Friday, as the company breaks records. In fact, Nvidia became the first company to reach a $4 trillion market cap earlier this week, beating out Microsoft (MSFT) and Apple (AAPL), and stayed above that level on Thursday. It is also worth noting that Huang still owns over 858 million shares through a mix of direct ownership, trusts, and partnerships, thereby remaining deeply tied to Nvidia's future. What Is a Good Price for NVDA? Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 37 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $176.29 per share implies 6% upside potential.
Economic Times
3 days ago
- Business
- Economic Times
Nvidia CEO Jensen Huang sells shares worth $36 million, net worth nears Buffett
Jensen Huang, Nvidia's CEO, has sold company shares worth $36.4 million. This sale is part of a prearranged trading plan. Synopsis Nvidia CEO Jensen Huang has sold $36.4 million worth of his company's shares, adding to previous sales under a prearranged trading plan. This move comes as Huang's wealth approaches Warren Buffett's due to Nvidia's success in the AI hardware market. Despite the sales, Huang still holds a significant number of Nvidia shares. Nvidia CEO Jensen Huang has sold shares of the chipmaking giant worth approximately $36.4 million, further trimming his holdings in the company he co-founded. The move comes as Huang's soaring net worth places him in close proximity to legendary investor Warren Buffett in global wealth rankings. ADVERTISEMENT According to CNBC reports, the latest transaction involved 225,000 shares and was part of a broader trading plan adopted in March, which allows Huang to sell up to six million shares of Nvidia through the end of 2025. He had earlier sold a separate tranche in June worth around $15 million under the same arrangement. Last year, Huang had divested nearly $700 million worth of shares under a similar prearranged plan. Following the most recent disclosure, Nvidia shares rose by about 1% in Friday trading, CNBC tech executive's wealth has surged alongside Nvidia's meteoric rise as a leader in the artificial intelligence hardware space. The company's GPUs have become indispensable for training and running large language models, fueling massive demand from both enterprises and per CNBC, Huang's net worth has jumped by over $29 billion just in 2025 so far, marking a gain of more than 25%. Bloomberg's Billionaires Index estimates his fortune at $143 billion, placing him nearly neck and neck with Berkshire Hathaway chairman Warren Buffett, who stands at $144 billion. ADVERTISEMENT The company itself has hit record-breaking milestones in recent months. CNBC noted that Nvidia became the first U.S. firm to cross a $4 trillion market capitalization earlier this week, surpassing tech giants Microsoft and Apple in the his ongoing stock sales, Huang continues to hold over 858 million Nvidia shares, both directly and indirectly through various partnerships and trusts. ADVERTISEMENT Also read: Use market dips to build portfolios; these 8 sectors have high growth potential: Alok Agarwal (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
3 days ago
- Business
- Time of India
Nvidia CEO Jensen Huang sells shares worth $36 million, net worth nears Buffett
Nvidia CEO Jensen Huang has sold shares of the chipmaking giant worth approximately $36.4 million, further trimming his holdings in the company he co-founded. The move comes as Huang's soaring net worth places him in close proximity to legendary investor Warren Buffett in global wealth rankings. According to CNBC reports, the latest transaction involved 225,000 shares and was part of a broader trading plan adopted in March, which allows Huang to sell up to six million shares of Nvidia through the end of 2025. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A Truck Driver's Salary in the Canada Might Surprise You Truck Driving Jobs | Search Ads Undo He had earlier sold a separate tranche in June worth around $15 million under the same arrangement. Last year, Huang had divested nearly $700 million worth of shares under a similar prearranged plan. Following the most recent disclosure, Nvidia shares rose by about 1% in Friday trading, CNBC reported. The tech executive's wealth has surged alongside Nvidia's meteoric rise as a leader in the artificial intelligence hardware space. The company's GPUs have become indispensable for training and running large language models, fueling massive demand from both enterprises and investors. Live Events As per CNBC, Huang's net worth has jumped by over $29 billion just in 2025 so far, marking a gain of more than 25%. Bloomberg's Billionaires Index estimates his fortune at $143 billion, placing him nearly neck and neck with Berkshire Hathaway chairman Warren Buffett, who stands at $144 billion. The company itself has hit record-breaking milestones in recent months. CNBC noted that Nvidia became the first U.S. firm to cross a $4 trillion market capitalization earlier this week, surpassing tech giants Microsoft and Apple in the process. Despite his ongoing stock sales, Huang continues to hold over 858 million Nvidia shares, both directly and indirectly through various partnerships and trusts. Also read: Use market dips to build portfolios; these 8 sectors have high growth potential: Alok Agarwal ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Miami Herald
4 days ago
- Business
- Miami Herald
Billionaire Ackman has one-word message on stock market
Stocks have had an impressive rally since April 9, when President Donald Trump paused most of the reciprocal tariffs he had announced only days earlier on April 2, so-called Liberation Day. The higher-than-hoped tariffs had sent stocks reeling as investors scurried to reset economic models and cut earnings outlooks. The reprieve, while temporary, provided the perfect match to light what had become a deeply oversold stock market, launching a rally so significant that the S&P 500 has risen about 25% in the matter of only three months. What's particularly remarkable is that the rally in stocks has come despite evidence that the U.S. economy is weakening, increasing risks of stagflation or recession. Unemployment has increased over the past year, and sticky inflation will likely worsen as the impact of remaining tariffs is felt. Don't miss the move: Subscribe to TheStreet's free daily newsletter That's not a very encouraging backdrop for stocks, which typically generate the best returns when the economy grows and households and businesses are more interested in spending. Given that stocks have recovered nearly all of their nearly bear market losses from this spring, there's considerable debate on what happens next. Bulls argue that the damage done during the 19% decline in the S&P 500 between February and April's low priced in the risks, clearing the way for durable gains that support buying dips. Bears point to arguably rich valuations and a sputtering economy. Related: Bank of America delivers bold S&P 500 target Many on Wall Street have offered their two cents, including popular hedge fund manager Bill Ackman. Ackman, who is worth $8.2 billion, good enough to rank #413 on Bloomberg's Billionaires Index, is the founder of the hedge fund Pershing Square, which has $18 billion under management. This week, he dropped a one-word message to investors about the stock market, and given his substantial experience, it may be worth considering what he thinks. Image source: Siskin/McMullan via Getty Images There's a considerable difference in opinion on what could happen to the economy next. Some think tariffs will take a stiff toll on already cash-strapped consumers later this year, reducing economic activity alongside a drop in businesses' spending as CEOs await clarity on trade deals. Others believe that the tariff risks are temporary and largely overblown. The unemployment rate remains relatively low at 4.1%; however, that's up from 3.4% in 2023. Also concerning is a spike in layoffs. Companies have announced over 696,000 layoffs this year through May, up 80% year over year, according to Challenger, Gray, & Christmas's number crunching. Related: Legendary fund manager has blunt message on 'Big Beautiful Bill' The rise in unemployment follows the most hawkish pace of Federal Reserve interest rate hikes in history. The Fed raised interest rates by 5% in 2022 and 2023 to lower inflation, a strategy that worked, given CPI inflation has retreated from 8% to below 3%. Inflation progress and job losses prompted the Fed to switch to rate cuts late last year, shaving 1% off the Fed Funds Rate. However, inflation has since leveled off, and new concerns over the impact of tariffs on inflation have shifted the Fed to the sidelines, putting it firmly in wait-and-see mode. That's not good news for stocks, given that higher interest rates weigh down corporate profit, and stocks typically follow earnings over time. The Fed's holding pattern has drawn sharp criticism from the White House, ostensibly because President Trump recognizes that lower rates could blunt some of the drag on the economy caused by tariffs. President Trump has called Fed Chairman Powell "Mr. Too-Late" and a "numbskull" for not reducing rates. Powell has remained steadfast, arguing that patience is warranted. The Fed's hesitation on monetary policy is concerning, though, given that the Fed and the World Bank estimate that the U.S. GDP is falling to 1.4% this year from 2.8% last year. Related: Secretary Bessent has blunt message on 'Big Beautiful Bill' debt problem If Powell doesn't move on rates and the economy weakens further, Congress may not be much help, given that the country's huge deficit and mountain of debt may hamstring fiscal policy, especially after passage of the One Big Beautiful Bill Act. America's deficit exceeds $1.8 trillion, accounting for 6.4% of gross domestic product. Overall, total public debt outstanding is roughly 122% of GDP, far north of the 75% level seen in 2008 during the Great Recession. The backdrop is a threat to earnings growth. Still, the stock market has looked beyond the risks, possibly assuming that trade negotiations will bear fruit, inflation expectations will retreat, tariff risks are overblown, and corporate earnings will grow, rather than shrink. Bill Ackman co-founded Gotham Partners in 1992, so he has been following Wall Street closely for over 30 years. This means he's navigated the Internet boom and bust, the Great Recession, Covid, and the 2002 bear market. More Experts Fed official sends strong message about interest-rate cutsBillionaire fund manager sends surprising message on trade deficitHedge-fund manager sees U.S. becoming Greece In short, Ackman has been-there, done-that chops, making his take on markets worth attention. Despite the stock market's big run since early April, there may be more fuel to take stocks higher. Many investors sold stocks this spring amid soaring tariff-driven volatility, opting for the relative safety of money market accounts yielding 4% or more. That move looked really smart in early April, but it doesn't look nearly as wise now, given the S&P 500's move. Nevertheless, ongoing concerns regarding the economy and President Trump's mercurial nature have kept many investors from jumping back in, something that could change if FOMO kicks in or stocks pull back, giving investors a do-over. The Federal Reserve Bank of St. Louis reports that the total financial assets parked in money market funds were nearly $7.4 trillion at the end of the first quarter, up from $6.44 trillion the prior year. Meanwhile, the Investment Company Institute says $7.07 trillion remained in money market funds as of July 10, up from $7.02 trillion on June 25. Barchart, a financial market data and services provider, shared the first-quarter data on X this week, and it caught Ackman's eye. The hedge fund manager shared the chart on X, bluntly concluding, "Bullish." Ackman's quick reply suggests he believes that the increase in money stashed in money market funds over the past year could make its way back into risk assets, propping up the stock market. Related: Veteran analyst sets eye-popping S&P 500 target The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
