NVIDIA CEO -Netto -Kleine costs 120 billion US dollars because the shares on the Saudi chip deal increase

(Reuters) -The personal assets of NVIDIA, CEO of Jensen Huang, rose to around $ 120 billion on Tuesday compared to 80 billion US dollars in the previous year, since the demand for the company's artificial intelligence chips operated a strong rally in its shares.

NVIDIA achieved a market value of $ 3 trillion, after it was ready to sell hundreds of thousands of AI chips in Saudi Arabia with many chips to a AI startup that was launched by its sovereign asset fund, and the demand for its top line processors is still booming.

The company's shares closed by 5.6% higher by $ 129.93. The deal was part of the Gulf tour of US President Donald Trump, which he started in Saudi Arabia to visit the United Arab Emirates later a week.

Huang has played a crucial role in the mediation of Nvidia into one of the most valuable companies in the world by positioning the chip maker as a dominant force in the AI ​​-Halfreiter industry.

The youngest thrust of his net assets brings him to the richest people in the world, but according to Forbes' real-time billionaire list only out of the top ten.

(Reporting by Zaheer Kachwala in Bengaluru; editorial team of Arun Koyyur)