A surge in artificial intelligence interest and use cases helped propel NVIDIA Corporation (NASDAQ:NVDA) to a market capitalization of more than $1 trillion.
The impressive milestone helped boost the wealth of company CEO and co-founder Jensen Huang. While Huang previously got a tattoo to celebrate a company milestone years ago, there is no tattoo planned to celebrate the company being worth $1 trillion.
What Happened: Shares of Nvidia gained more than 200% in 2023, one of the best returns by a large capitalization stock for the year, boosted by the strong performance of artificial intelligence stocks.
Huang co-founded Nvidia in 1993 and still leads the company today. The soaring stock price helped boost the wealth of Huang, adding $30.2 billion to take his wealth to $44.0 billion in 2023, ranking as the 29th richest person in the world.
Before Nvidia hit a $1 trillion market cap, another milestone was hit years ago with shares passing the $100 level. That level would be reached several times with shares splitting multiple times since 2000.
To celebrate the occasion of shares hitting $100, Huang promised company executives he would get the Nvidia logo as a tattoo.
In a 2017 interview with Fortune, Huang revealed the tattoo and shared more details on it.
“So, I really want to extend it. I actually kinda do. I would love to. But getting it really, really hurt,” Huang said.
Huang said his family was with him when he got his tattoo.
“I was crying like a baby. My kids were with me, and they were like, ‘Dad, you’ve gotta control yourself.'”
Huang recalled a semi-annual meeting years ago being the reason for the tattoo.
“And at one, someone said, ‘What are we gonna do when the stock price hits $100?'”
Huang recalled that others said they would shave their head, paint their hair a new color, get a mohawk and even get a nipple ring.
“So I said, ‘Yeah all right, I’ll get a tattoo.'”
The first picture of the tattoo that can be found online of Huang’s tattoo comes from the Nvidia Gaming Festival with a post on Nvidia’s Instagram on Oct. 25, 2014.
“NVIDIA CEO Jen-Hsu Huang shows off his NVDIA tattoo at the NVIDIA Gaming Festival,” the post reads.
It is unknown when exactly Huang got his tattoo, but it doesn’t sound like there will be more added to his arms anytime soon.
“Ageing gracefully. No more…
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