Nvidia's Earnings Surge Lifts Jensen Huang to $196.8 Billion, Sixth-Richest Person

Nvidia's Results and the $15.6 Billion Wealth Jump for Jensen Huang

Nvidia shares rose 8.7% to $227.98 after the chipmaker reported revenue of $96.2 billion and earnings per share of $2.22, ahead of the $92.2 billion and $2.09 that analysts polled by FactSet had expected. The gain, which left the stock just below its record high of $236, added about $450 billion to Nvidia's market value, lifting it from roughly $5.07 trillion to $5.52 trillion.

Chief financial officer Colette Kress said Nvidia expects revenue growth of about 70% for fiscal 2028, which begins in February 2027. Chief executive Jensen Huang said demand is 'much greater than 70%', but that supply constraints limited how quickly production could expand. He added that the company had never before given a forecast a year ahead and now has 'much more visibility' into the business.

The stock move added $15.6 billion to Huang's estimated fortune, taking it to $196.8 billion, according to Forbes. That made him the world's sixth-richest person and moved him ahead of Meta founder Mark Zuckerberg at $196.2 billion and Oracle co-founder Larry Ellison at $194.9 billion. Separately, The Information reported that Nvidia has agreed to buy the open-source AI model platform Hugging Face for $12.9 billion, citing anonymous sources; the deal has not been confirmed.

Nvidia remains the world's most valuable company. Its $5.52 trillion market value sits ahead of Apple at $4.59 trillion and Alphabet at $4.13 trillion, after Apple briefly displaced Nvidia from the top spot a month earlier.

Where Nvidia's Fiscal 2028 Visibility Leaves Competitors and AI Demand

The Demand Signal Behind Nvidia's Unusual Forecast

Nvidia's willingness to guide a year ahead is itself a data point: Huang said the company had never done so before, and now claims far more visibility. The $4 billion revenue beat and 70% growth forecast directly addressed the market's main concern that AI infrastructure spending might be cooling. Analysts responded by sharply lifting targets: Raymond James went from $352 to $515, Bernstein from $315 to $400, and JPMorgan from $280 to $320, all above Thursday's share price.

Supply Constraints: The Pressure Point Behind the Forecast

Huang's statement that demand is 'much greater than 70%' but that supply limitations prevent faster production expansion captures the central tension. In the near term, Nvidia may be leaving potential revenue on the table if customers cannot obtain all the capacity they want. At the same time, constrained supply supports pricing power and backlog visibility. The unresolved question is how quickly Nvidia's own supply chain can scale, because that will determine whether the 70% forecast is a ceiling or a floor.

What the Reported Hugging Face Deal Would Change

The reported $12.9 billion acquisition would carry Nvidia beyond chips into the open-source AI model and developer layer. That price tag would be roughly triple the $4.5 billion valuation Hugging Face reached in an August 2023 funding round in which Nvidia invested $235 million. Because The Information cited anonymous sources and neither company has confirmed the deal, the report is best read as a strategic signal rather than a completed transaction.

Why the Wealth Ranking Is So Tight at the Top

Forbes estimates Huang's fortune at $196.8 billion, just $600 million above Zuckerberg and $1.9 billion above Ellison. Those gaps are small enough that ordinary share-price moves could reorder the three names quickly. Nvidia's $5.52 trillion market capitalization, versus Apple's $4.59 trillion and Alphabet's $4.13 trillion, shows the scale of the AI rally that has concentrated so much value in one founder's holding.

What Nvidia's Forecast and Reported Hugging Face Deal Mean Now

The concrete consequences follow from the numbers and statements in this report.

• The first hard test of CFO Colette Kress's 70% growth forecast will come with Nvidia's fiscal 2028 reporting after February 2027; that is when the projection becomes a reported actual.
• The reported $12.9 billion Hugging Face acquisition remains unconfirmed because The Information relied on anonymous sources; any change in scope, price or closing timeline would be material to Nvidia's software strategy.
• Nvidia's supply constraint is the specific reason the company says it cannot expand production at the pace of demand, so AI buyers may face extended lead times for advanced systems.
• Raymond James, Bernstein and JPMorgan now value Nvidia at $515, $400 and $320 per share respectively, all above the $227.98 share price, implying the market has not fully priced in their upside scenarios.
• Nvidia's $5.52 trillion market value is larger than Apple's $4.59 trillion and Alphabet's $4.13 trillion, but Apple displaced Nvidia briefly only a month earlier, so the top-ranked market cap is sensitive to the next quarterly update.