Nvidia Founder's Wealth Surges to Record $34 Billion on AI Boom

Nvidia Corp. co-founder Jensen Huang’s wealth surged by more than $6 billion to a record high Thursday after the chipmaker forecast sales that crushed expectations, sending its stock soaring. Huang, the company’s chief executive officer, was worth nearly $34 billion at the market open, a jump of about 23% from the prior day and more than 140% year-to-date. If that increase holds, it would make him the biggest gainer among billionaires globally so far this year, according to the Bloomberg Billionaires Index. Nvidia has benefited from the artificial intelligence frenzy,...