Published in News

Nvidia boss should buy Intel

by on08 October 2024


He just has to max out his credit card

The IT industry has been adding up some numbers and concluded that Nvidia's boss, Jensen Huang, current personal worth is now so great that he could buy Intel.

Huang’s net worth has reached USD 109.2 billion, more than Intel’s total market cap of around USD 96 billion.

This is a sign of how dire things have become at Intel, with its stock prices plummeting 22 per cent.

According to Tom’s Hardware, social media users have shared posts encouraging Jensen Huang to buy Intel. Huang holds more than 75 million Nvidia shares, with 786 million more through various trusts and partnerships.

Even though he has cashed in more than USD 700 million by selling 6 million shares this year, it is merely a tiny fraction of the total value of his NVIDIA holdings, which total over USD 100 billion.

There would be some advantages for Nvidia in having its paws on Intel’s foundary business. It would not be stuck behind Apple queuing for machine time at TSMC’s plants for a start.

According to Forbes’ real-time billionaires list, Huang’s net worth currently ranks 11th globally, just USD 20 billion away from breaking into the top ten.

With growth driven by the AI boom, Nvidia has become one of the world's largest tech companies by market capital, alongside Microsoft, Apple, Amazon, and Google.

Nvidia remains the dominant supplier in the global AI server market in 2024. Specifically, in the GPU AI server market, NVIDIA commands an overwhelming lead with a nearly 90 per cent market share, while AMD follows at a distant eight per cent.

Last modified on 10 October 2024
Rate this item
(3 votes)

Read more about: