Nvidia stock has pulled back from its May peak and is gradually approaching bear market territory. The shares have fallen nearly 20% from their year-to-date high, erasing billions of dollars from Jensen Huang’s fortune and inflicting losses on investors. Forbes and Bloomberg estimate that Jensen Huang’s net worth has increased by $5.2 billion this year to $160 billion, making him the world’s ninth-richest person. He ranks behind Tesla’s Elon Musk, Google co-founders Larry Page and Sergey Brin, Amazon’s Jeff Bezos, Dell’s Michael Dell, Oracle’s Larry Ellison, and LVMH’s Bernard Arnault.

Jensen Huang’s Net Worth is Falling as Nvidia Stock Retreats

Huang’s wealth has tumbled from nearly $200 billion earlier this year, mirroring the performance of Nvidia, the company he started in 1993. Its stock has dropped from a record high of $236 to the current $196, with its valuation falling from $5.72 trillion to $4.6 trillion today. He owns a 3% stake in the company.

Analysts are Optimistic About Nvidia’s Shares

Despite the ongoing retreat, analysts are still highly optimistic about the company, which has become the poster child of the artificial intelligence supercycle. Data compiled by Benzinga Pro shows that the average estimate among analysts tracking the company is that its shares will jump to $309, up by 62% from the current level. Some analysts are more optimistic than that, with Baird’s Tristan Gerra estimating that it will jump to $500. Some of the other highly bullish analysts are from companies like Benchmark, Tigress, and DA Davidson.

The general view among analysts is that Nvidia is a growth company that is trading as a value stock. For one, its revenue and margin growth have surged in the past few months as demand for its solutions has soared. In its recent earnings report, the management predicted that it would make over $90 billion in the current quarter. Despite this growth, Nvidia trades with a forward price-to-earnings multiple of 22, slightly lower than the S&P 500 average of 23. Its price-to-earnings-to-growth ratio has also dropped to 0.048, lower than the 5-year average of 1.47.

Most importantly, the company has some notable catalysts ahead. For example, it recently launched its CPUs, a move meant to take advantage of the AI agent boom. It will also start selling its H200 chips to a select group of Chinese companies, including popular names like Alibaba and Tencent.

Nvidia Corp. CEO Jensen Huang advocates for a philosophy of patience and deep focus, stating he prefers to let the world come to him rather than chasing opportunities. Despite leading a company at the forefront of the AI revolution, Huang emphasizes tending to his craft over decades. His approach prioritizes a narrow focus and the belief that time expands when life’s work is clear.

Speaking at the Chinese American Semiconductor Professional Association in 2023, Huang revealed that he does not wear a watch because the present moment matters most to him. He stated that he is not driven by the ambition to achieve more, but rather to excel in what he is doing currently. This perspective, he suggested, makes time feel more abundant when attention is narrowed to what matters most.

Huang elaborated on this philosophy during a commencement speech at the California Institute of Technology. He recounted a family trip to Kyoto, Japan, where he observed a gardener meticulously picking dead moss with bamboo tweezers in a vast garden. When asked about the size of the task, the gardener replied that he had cared for the garden for 25 years and had plenty of time. Huang described this encounter as one of the most profound learnings of his life, illustrating that dedication to one's craft alters the perception of time.

The CEO draws a direct analogy between this approach and building Nvidia. By treating the company like a garden tended over decades, the anxiety of quarterly pressure is replaced by a longer-term view. While Huang maintains an intense work schedule, often working seven days a week, he views this intensity as a commitment to a chosen path rather than a chase for trends. He believes that by creating conditions where amazing people can do their life’s work, results will naturally follow.