Company Achievements Owned by a Man with Wealth of Rp 1,900 Trillion, Surpassing Apple and Microsoft

Achievements of a Company Owned by a Man with Wealth of Rp 1,900 Trillion, Surpassing Apple and Microsoft

"Dream - The performance of Jensen Huang's company, known as a person with a wealth of IDR 1,900 trillion, continues to rapidly increase. The latest achievement of his company, Nvidia, has successfully surpassed the valuations of Microsoft and Apple, making it the highest-valued company in the world."

Company Achievements Owned by a Man with Wealth of Rp 1,900 Trillion, Surpassing Apple and Microsoft

According to a report from BBC, Nvidia, a company led by Huang, now has a value of USD 3.34 trillion or around IDR 54,736 trillion. This figure is nearly double the company's value at the beginning of 2024.

The value was achieved after Nvidia's stock price reached USD 136 at the closing of the stock market on Wednesday, June 19, 2024, an increase of 3.5%. This increase makes Nvidia's valuation higher than Microsoft's. Meanwhile, Apple's valuation has been overtaken by Nvidia in early June.

"Master the AI Chip Manufacturing Market"

The following is the translation of the 'Bahasa' text to 'English' while preserving any HTML tags: "The company based in California, USA, experienced a surge in value after dominating the artificial intelligence (AI) chip manufacturing market. The demand for AI processor chips has sharply increased recently, along with the booming in the AI sector."

However, Nvidia predicts that its growth will continue. This was revealed by Chris Penrose, Global Head of Business Development for Telco at Nvidia. "The journey of generative AI is truly transforming businesses and telecommunications worldwide. We are currently still in the early stages," said Penrose.

The statement from Penrose is in line with the opinion of analysts from Wedbush Securities, who predict that the valuation of Nvidia (along with Apple and Microsoft) will reach USD 4 trillion in 2025. "We believe that in the coming year, the race to reach a valuation of USD 4 trillion will be led by Nvidia, Apple, and Microsoft," said analysts from Wedbush Securities in a note to investors.

"Add wealth Jensen Huang"

The increase in Nvidia's valuation will certainly add to Jensen Huang's wealth, which according to Forbes, has reached USD 115.4 billion or more than Rp 1,900 trillion.

Huang owns approximately 86.76 million shares of Nvidia, representing over 3.5% of the company's total outstanding shares. With the continuous increase in Nvidia's valuation, Huang's wealth keeps growing, and he is currently ranked as the eleventh richest person in the world.

"Challenging Achievements"

"To achieve that success, Nvidia has overcome various challenges throughout its 31-year journey since its establishment. Under Huang's leadership, the company managed to recover from almost bankruptcy and overcome various other obstacles. As a result, Nvidia is now one of the few companies in the world to achieve a market capitalization of over USD 3 trillion. Source: NY Times"

BSI International Expo 2024

Hunting for Attractive Promotions at the Beauty and Lifestyle Tenant BSI International Expo 2024

PT Bank Syariah Indonesia Tbk (BSI) is holding the BSI International Expo on June 20-23, 2024 at the Jakarta Convention Center.