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Nvidia<\/a> Corp.\u2019s Jensen Huang has steadily climbed the ranks of the world\u2019s wealthiest as the market value of his computer-chip maker touches $3 trillion.<\/p>\n Huang hit another milestone on Friday, passing personal computer pioneer Michael Dell<\/a> to become the world\u2019s 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has surged more than $62 billion this year as demand for Nvidia chips used to power artificial intelligence tasks remains insatiable.<\/p>\n Huang, 61, is leading a new wave of tech billionaires as AI-fueled \u201cJensanity,<\/a>\u201d as one analyst termed it, takes over Silicon Valley. Other beneficiaries include Lisa Su, chief executive officer of Advanced Micro Devices<\/a> Inc., as well as Super Micro Computer<\/a> Inc.\u2019s Charles Liang. Last month, Huang\u2019s fortune\u00a0surpassed<\/a>\u00a0each individual member of the Waltons, America\u2019s richest family, following another blowout quarter from the chipmaker.\u00a0<\/p>\n Huang\u2019s wealth is derived from his 3.5% stake in Santa Clara, California-based Nvidia, which he co-founded in 1993 with Chris Malachowsky and Curtis Priem. Nvidia became the first computer-chip company to hit\u00a0$3 trillion<\/a>\u00a0in market capitalization on Wednesday, surpassing the value of Apple<\/a> Inc., and was flirting with that benchmark again on Friday.\u00a0<\/p>\n Dell, 59, with a net worth of $105.9 billion, has been a computer hardware-industry outlier among the tech super-rich, who often owe their wealth to software companies. Dell made much of his fortune through his namesake firm, which sells personal computers and servers.<\/p>\n Still, Dell Technologies Inc. has been a beneficiary of the recent AI success as corporations need servers and other infrastructure to utilize advanced chips from Nvidia. Investors have increasingly seen Dell, along with Super Micro, as Nvidia\u2019s chosen partner for this business line.<\/p>\n In early March, Dell joined the small group of people with fortunes exceeding\u00a0$100 billion<\/a>\u00a0as the company\u2019s shares rose to a record high. The stock has since retreated after posting results that disappointed investors, reducing its founder\u2019s wealth almost $12 billion in a single day.\u00a0<\/p>\n Nvidia today commands an ecosystem of hardware and software solutions that rivals from AMD to Intel<\/a> Corp. are trying hard to break up or replicate, thanks to its dominant share of the market for the high-end accelerators used to train AI.<\/p>\n And it has shown no signs of slowing down or letting its rivals catch up. Huang\u00a0said<\/a>\u00a0the firm plans to upgrade its so-called AI accelerators every year.\u00a0<\/p>\n<\/div>\n\nSubscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. Sign up<\/a> for free.<\/div>\n