Nvidia CEO Jensen Huang sees his fortune balloon to $27.3 billion as the chipmaker rides the AI wave with a sizzling 2023 rally
the stock has even more upside ahead, predicting shares could increase in value by five times within the next 10 years.
The chipmaker's impressive rally comes thanks to hype around artificial intelligence stocks following the debut of OpenAI's human-like large language tool, ChatGPT. Investors perceive Nvidia as well-positioned to take advantage of the AI boom, given its the No.1 producer of graphic chips needed for high-intensity computing.
Bank of America called the company the"leading silicon AI enabler" and the"picks and shovels leader in the AI gold rush," while Nvidia's boss himself, said the firm has reached"the iPhone moment of AI." With Nvidia soaring in popularity, it's tempted billionaire investors like Stanley Druckenmiller to load up on the stock during the first quarter of 2023. The Duquesne Family Office CEO snapped up shares in Nvidia worth about
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