Nvidia CEO Jensen Huang's wealth is skyrocketing, fueled by the increasing demand for AI chips and strategic partnerships, most notably a recent collaboration with Saudi Arabia. Recent reports estimate Huang's net worth to be nearing $120 billion, a significant jump from $80 billion in 2024. This surge places him among the top 10 wealthiest individuals globally, according to Forbes' real-time billionaires list.

The surge in Huang's fortune is directly linked to Nvidia's soaring stock price, which has been boosted by the company's dominance in the AI chip market and its expanding global partnerships. Nvidia's market capitalization has reached over $3 trillion, making it one of the world's most valuable companies.

A key factor driving Nvidia's recent success is its partnership with Humain, a new AI startup owned by Saudi Arabia's sovereign wealth fund. Under the deal, Nvidia will supply 18,000 of its advanced AI chips to Saudi Arabia to power a new data center project. The data center, with a capacity of 500 megawatts, will utilize Nvidia's cutting-edge Blackwell chips, including the GB300 Grace Blackwell chips, and is expected to be powered by hundreds of thousands of Nvidia GPUs over the next five years. Jensen Huang stated that AI is essential infrastructure for every nation, and Nvidia, together with Humain, aims to build AI infrastructure for Saudi Arabia.

The partnership with Humain is part of a broader effort by Saudi Arabia to develop its artificial intelligence capabilities and strengthen its cloud computing infrastructure. The collaboration aligns with Saudi Arabia's "bold vision" for the future and its ambition to be a leader in shaping the future of AI. This deal was revealed during President Trump's tour of the Middle East, highlighting the strategic importance of technology partnerships in international relations.

Nvidia's success in the AI chip market has not gone unnoticed by its competitors. Companies like AMD, Intel, Google, and Huawei are intensifying competition with Nvidia by developing specialized chips for cloud, edge, and embedded AI applications. Despite increasing competition, Nvidia maintains a strong position in the market due to its advanced GPUs and AI-driven innovations.

Nvidia's stock performance has been impressive, but it has also experienced volatility. In early 2025, the stock declined due to factors such as US export controls affecting sales to China and increasing competition from companies like Huawei. However, the stock has since rebounded, driven by strong earnings reports and positive news regarding trade relations.

Looking ahead, analysts predict continued growth for Nvidia, driven by strong demand for its AI chips and the expansion of its data center capabilities. Nvidia's financial outlook is robust, with projected increases in revenue and earnings. The company's leadership in AI and data center technologies is expected to drive its stock performance in the coming years.

Nvidia's dominance in the AI chip market, coupled with strategic partnerships like the one with Saudi Arabia, has propelled Jensen Huang's wealth to new heights. As the demand for AI continues to grow, Nvidia is well-positioned to maintain its leadership position and drive further growth in the years to come.