TodayonForbestheseNVIDIAshareholdershavegotten 36 billiondollarsricherin a monthLastmonthduringNVIDIA's quarterlyearningscallNVIDIAco-founderandCEOJensenHuangSaidquotethenextindustrialrevolutionhasbegunCompaniesandcountriesarepartneringwithNVIDIAtoshiftthetrillion-dollarinstalledbaseoftraditionaldatacenterstoacceleratedComputingandbuild a newtypeofdatacenterAIfactoriestoproduce a newcommodityartificialintelligenceNoonehasbenefitedmorefromNVIDIA's meteoricrisethanHuangFiveyearsago.
ThereareplentyofotherswhohavepersonallybenefitedfromtherisingstockAmongthebiggestgainersarefiveothertopexecutivesincludingchieffinancialofficerColetteKressandgeneralcounselTimTeeterPlusfourindependentboardmemberswhotogetherownmorethan 10 billiondollarsworthofstockOneofthoseboardmembersisbillionaireMarkStevenswhofirstgotinvolvedwithNVIDIAin 1993 thesameyearthefledglingchipcompanywasfoundedHewas a newishpartneratSequoiawhenthefirm's founderDonValentinegot a callfromLSIlogicfounderWilfredWilfCorriganAccordingtoStevensCorrigantoldValentinequote, there's thiskidwhoworksatLSIand I'm sorrytoseehimgoYouguysshouldlookathimValentineandStevensmetwithHuangwhopitchedthemontheideaof a companydesigning 3d graphicschipsforPCgamesStevensaysquoteandwethoughtintriguingSequoiaput 1 milliondollarsintothecompanypartofaninvestmentthatvaluedthefirmatjust 7 milliondollarsaccordingtopitchbookStevenswhohadworkedatIntelandwasSequoia's youngsemiconductorexpertjoinedtheNVIDIAboardHeleftin 2006 at a timewhenSequoiapartnersweresteppingoffpubliccompanyboardstofocusonprivatecompaniesIn 2008 StevensbegantowinddownatSequoiaandHuanginvitedhimtorejointheboardLargelybecauseofSequoia's earlyinvestmentStevensnowownsfivebilliondollarsworthofNVIDIAsharesCurrentventurecapitalistandformertechexecutiveBrookeSewellwasconvincedbyanothertechexecutiveHarveyJonestojoinNVIDIA's boardin 1997 thetwomengottoknoweachotherwhileSewellwasseniorvicepresidentoffinanceandoperationsatSynopsyswhereJoneswasCEOSewellrecallsthatNVIDIAquotewasinthegraphicssemiconductorspaceWhichwas a hypercompetitivespaceandtheCEOwasbarelyover 30 Hehadn't evenbeen a VPbeforehefoundedthecompany.
I lookedatitandsaidboy, thisdoesn't seemlikelyhoweverJoneswhojoinedtheboardin 1993 waspersuasiveandNVIDIAwasinsearchofsomeonewithexpertiseinfinanceandtaking a companypublicWhichSewellhaddoneatSynopsys?
Sewellnowowns 700 milliondollarsofitssharesEarlyonitwasn't soobviousthatNVIDIAwouldendupdoingsowellNVIDIA's firstchipreleasedin 1995 hadfailedPartwaythroughdevelopingitssecondchipHuangandtheteamdecidedthearchitecturewasallwrongAndtheystoppedworkonitaccordingto a podcastfromtheVCfirmSequoiaBoardmemberStevenssaysquotebetween 1993 and 1997.
VCセコイアのスティーブンス取締役は、1993年から1997年にかけてのことをこう語っている。
WealmostwentbankruptthreetimesNVIDIAturnedthingsaroundanditsthirdchipwas a successintheearly 2000s Developedtheworld's firstgraphicsprocessingunitorGPUwhichbecamehugelypopularforrenderingimagesinvideogamesinthepastdecadeorsoNVIDIAfoundthatAIresearchersinboththecorporateandacademicworldswereusingitsGPUstorunneuralnetworks a foundationofAIandtocreatehomegrownsupercomputersThathelpedfuelthedecisiontobetonAIcomputingbeforetherewas a demonstratedmarketThatbethaspaidoffinspadesForfullcoverageandtoseeourlistofthe 10 currentNVIDIAdirectorsandexecutivesWhohavegottentherichestfromtheirholdingsandsharesales, whichareup a cumulative 36 billiondollarsinthepastmonthCheckoutPhoebeLuandCarrie a Dolan's pieceonForbes.comThisisKieranMeadowsfromForbes.
TodayonForbestheseNVIDIAshareholdershavegotten 36 billiondollarsricherin a monthLastmonthduringNVIDIA's quarterlyearningscallNVIDIAco-founderandCEOJensenHuangSaidquotethenextindustrialrevolutionhasbegunCompaniesandcountriesarepartneringwithNVIDIAtoshiftthetrillion-dollarinstalledbaseoftraditionaldatacenterstoacceleratedComputingandbuild a newtypeofdatacenterAIfactoriestoproduce a newcommodityartificialintelligenceNoonehasbenefitedmorefromNVIDIA's meteoricrisethanHuangFiveyearsago.