Nvidia CEO Jensen Huang has moved ahead of Dell founder and CEO Michael Dell on Forbes’ real-time billionaires list, just days after US President Donald Trump publicly praised the Dell family and reportedly told Americans to “go out and buy a Dell.” According to Forbes billionaire list, Jensen Huang’s estimated net worth reached $191.5 billion on Monday (May 11) afternoon, slightly ahead of Dell’s $191.2 billion fortune. The shift came as Nvidia shares continued their sharp rally, while Dell Technologies stock declined after recently touching an all-time high following Trump’s remarks at a White House Mother’s Day event.
Nvidia stock rally boosts CEO Jensen Huang’s wealth
Forbes’ Real-Time Billionaires List showed Huang added nearly $5.6 billion to his fortune in a single day as Nvidia shares rose 2.4%. Michael Dell, meanwhile, lost about $2.9 billion as Dell Technologies shares fell 5.5%.The latest gains pushed Nvidia’s market value above $5.3 trillion, making it the most valuable publicly traded company in the world. The company is also the first public company to cross the $5 trillion mark in market capitalization.Nvidia stock has been on a strong run due to rising demand for artificial intelligence infrastructure and AI chips. The company has added around $550 billion in market value over the last four trading sessions alone. The rally also came after Intel CEO Lip-Bu Tan shared a post onNvidia is expected to report earnings on May 20. Wall Street analysts are projecting revenue of $78.6 billion for the latest quarter, which would mark a 78% year-on-year increase.
Donald Trump had recently praised the Dell family
Dell Technologies stock surged last week after US President Donald Trump reportedly thanked the Dell family during a White House event and encouraged Americans to “go out and buy a Dell.” The company’s shares then hit an all-time high of $263.99 on May 8 and gained more than 107% this year.Donald Trump’s remarks came months after Michael and Susan Dell pledged $6.25 billion toward “Trump Accounts,” a program aimed at creating investment accounts for American children. Under the program, eligible children born between January 1, 2025, and December 31, 2028, would receive a one-time $1,000 government contribution into tax-advantaged savings accounts.
