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Nvidia CEOs Net Worth Soars to $90 Billion📱MRUS SRCL 📈 INTU WDAY📉

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flowbank.com

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research@flowbank.com

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Mon, May 27, 2024 06:33 AM

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FlowBank's hand-curated fresh financial news Nvidia CEO Jensen Huang’s Net Worth Soars to $90 B

FlowBank's hand-curated fresh financial news [header_noDither] Nvidia CEO Jensen Huang’s Net Worth Soars to $90 Billion Nvidia CEO Jensen Huang’s net worth skyrocketed from $3 billion to over $90 billion in five years, driven by a 28-fold increase in Nvidia’s stock, fueled by surging demand for AI processors. Huang, who owns 86.76 million shares, saw his wealth surge after Nvidia reported record earnings and robust future forecasts, solidifying its dominance in the AI chip market with an 80% share. WHAT'S MOVING [Group 1742 (4)-3] [Start Trading](113/cXx8Z04/VWh94M32-C7ZW4b5J1k7_ZqvsW2sbCLr5fB12JN2_Qd4z2-ZVTW6N1vHY6lZ3ltW3h5HMV5mwKNPW6tsqmc3G2wyQW8v2D716VRFx4W7yRW8t83FShtW3jrzz62xmp29W6P8n6Z10npTqV6W5TW5JfYrPVgZ_168DHzY9N7GzBNG5Zd_hMb-Vk-2Vl_-N5s4Sfd9hS6sW8gmfsq5q6wZxW6m_qNr29xDpPN505Vc1cmvzrM69G0-h3MFYW7d9F993V0hwmW6x5cDY7Zk5mXN260BwDjzhcSW4_XRtL3W2BrwW2-g_0M20pfXyN3SGhKqP6SSLW7GpwTz4RG_2zf6yhLt604) [Group 3 (3)-4] Boeing Boeing and NASA are set to launch the Starliner on June 1 despite a helium leak, after multiple delays and $1.5 billion in additional costs. [Group 1753 (5)-1] WeightWatchers Digital health companies like weightwatchers are leveraging the $100 billion GLP-1 drug market, offering comprehensive weight loss programs despite supply and insurance challenges. [Group 1754 (4)-1] TJX TJX and Ross saw sales rise 6% to $12.48 billion and 8% to $4.86 billion, respectively, driven by value-seeking consumers and expanding market share. WHAT'S COMING UP? EUR: Eurogroup Meetings IN OTHER NEWS Wall Street The Nasdaq hit a new record high on Friday, driven by Nvidia's gains despite Federal Reserve interest rate concerns. The S&P 500 rose 0.7% to close at 5,304.72, the Nasdaq Composite gained 1.1% to end at 16,920.79, and the Dow Jones Industrial Average increased 0.01% to finish at 39,069.59. [Group 1769] Europe European markets closed lower on Friday, affected by concerns over U.S. interest rates. The Stoxx 600 index fell 0.17%, with utilities down 1.2% and retail stocks up 0.3%. The index declined 0.26% for the week. MARKET INSIGHTS Sell in May and Go Away? How Market Forces are Shaping the Rest of 2024 “Sell in May and go away” is an old Wall Street adage based on the assumption that historical market returns tend to cluster around a six-month window beginning in November and ending in April. [Read more](113/cXx8Z04/VWh94M32-C7ZW4b5J1k7_ZqvsW2sbCLr5fB12JN2_Qd3-2-ZVTW5BW0B06lZ3nxW4NJJj69c222SW98tPty5WhGgYW3v-krd3L51xxW8qn0PG4hp5G1W6fYHjl6Tl9ncW1jxGt-6y0SvlW8M7z-T4xsDBnW5ZFJjL1qbymSW4qtQHh4cTT7rW1pdhRK7GtNcGW1txlfT2qMcYfW4p6Y6n1jmCv2V8-DJ-8fD01fW3hqwCk6MP9WxN6lMXtx-13-vN7M2gC_Dylx4W3r-cn06jXxNMW6xsTyr311Rxjf7vwywY04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. 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