AI chip giant Nvidia’s stock soars on profit surge, making CEO $4.2B richer overnight

Nvidia’s chief executive Jensen Huang became $4.2 billion richer overnight after his software company crushed Wall Street’s second-quarter earnings expectations by billions, sending its stock surging by as much as 10% in aftermarket trading on Wednesday. Nvidia posted a record revenue of $13.51 billion for the latest quarter ended July 30, up 88% from the first quarter and a whopping 101% from the same period in 2022. The eye-popping figures boosted Huang’s fortune to $46.1 billion, according to the Bloomberg Billionaires Index, positioning the 60-year-old Taiwanese businessman to end the...