NVIDIA Corporation (NASDAQ:NVDA) stock has soared in 2024, adding to the wealth of CEO and co-founder Jensen Huang — but most days he wouldn't know it.
That's because Huang sometimes doesn't even look at the Nvidia stock price.
"Not every day, sometimes I'll look at the end of the day," Huang revealed on CNBC's "Squawk Box" Friday when asked about whether he looks at his company's stock price every day.
Huang was also asked if looking at Nvidia's stock price impacts how good or bad he feels.
"No," Huang quickly answered.
Huang Remains Humble: During the unscheduled appearance on CNBC, the anchors called Nvidia "arguably the most successful company in America today," referencing the company's rising market capitalization.
Nvidia became a $1 trillion company in May 2023 based on market capitalization, joining a limited number of public companies to hit the milestone.
It took the company less than nine months to reach a $2 trillion market capitalization after passing the $1 trillion milestone. Nvidia took even less time to go from $2 trillion to $3 trillion, hitting the milestone in 96 days and setting a new record for the short time between the two milestones.
Nvidia briefly became the world's most valuable public company earlier this year, passing Apple and Microsoft. With a current market capitalization of $3.308 trillion, Nvidia narrowly trails first-place Apple ($3.466 trillion).
Huang brushed off the notion that Nvidia's rising market capitalization was an overnight success.
"32 years," Huang said when the anchors discussed the milestones hit by Nvidia.
Huang co-founded Nvidia with Chris Malachowsky and Curtis Priem in a Denny's restaurant, which provided the setting for the company's concept and vision.
Today, Huang is the 11th richest person in the world worth $118 billion, as reported by Bloomberg. The soaring price of Nvidia stock has added $73.8 billion to Huang’s wealth in 2024, marking one of the largest gains by a billionaire in the year.
NVDA Price Action: Nvidia stock trades at $134.85 on Friday versus a 52-week trading range of $39.23 to $140.76. Nvidia stock is up 180% year-to-date in 2024.
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