From a College Pick-Up Line to CEO: Jensen Huang’s Journey with Nvidia

Key Moments in Jensen Huang’s Life: Nvidia Corporation’s NVDA CEO Jensen Huang recently shared a personal story about how a simple pick-up line during his college days led to his future marriage and his role in building a $3.38 trillion AI chip company.

Unexpected Beginnings: While speaking at the Hong Kong University of Science and Technology last month, Huang recounted meeting his wife, Lori Huang, at Oregon State University (OSU) when he was just 17 years old. As the youngest student in his class, he cleverly played on his youthful appearance to impress her, suggesting a study partnership under the guise of helping her achieve top grades. “I walked up to her and I said, ‘Do you wanna see my homework?’” he recalled, which led to a weekly study date every Sunday.

Promising Ambitions: By age 20, Huang boldly promised his then-girlfriend that he would be a CEO by the time he turned 30. “I had no idea what I was talking about,” he admitted. Yet, just five years later, he had not only married Lori but also co-founded Nvidia in 1993, fulfilling his promise by becoming CEO at the age of 30.

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Current Landscape: As of 2024, Huang’s Nvidia holds a remarkable market capitalization of about $3.38 trillion, making it the second most valuable company globally, following Apple Inc.. Last month, Nvidia announced its third-quarter revenue of $35.1 billion, marking a 94% increase from the same period last year and surpassing analysts’ expectations of $33.12 billion.

Nvidia’s forecast for the fourth quarter predicts revenues of around $37.5 billion, with a margin of plus or minus 2%.

Meanwhile, Huang’s personal net worth is an impressive $120.7 billion, according to Forbes. He retains approximately 3% ownership of Nvidia, which went public in 1999.

Market Movements: Nvidia shares rose 2.15% on Friday, finishing at $138.25. However, in after-hours trading, the stock slipped slightly by 0.09% to $138.12. This year, Nvidia’s stock has soared by 187%, significantly outperforming the Nasdaq 100 index, which has gained 26.51% within the same duration, according to Benzinga Pro.

Analysts have set a consensus price target of $170.56 for Nvidia, with a high estimate of $220 from Rosenblatt as of Nov. 21. Recent ratings from DA Davidson, Phillip Securities, and Truist Securities suggest an average target of $154.67, indicating a potential upside of 11.96%.

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Disclaimer: Content in this article was partially generated using AI tools before being reviewed and published by Benzinga editors.