Unlikely Rivals – CEOs of AMD and Nvidia Are Distant Cousins Who Just Recently Met For The First Time

It's not uncommon for rivalries to exist within family dynamics. Some of the most intense family rivalries involve family members competing on opposite teams in the same sport or working for different companies in the same sector. However, family rivalry takes on a new meaning when it involves Nvidia CEO Jensen Huang and AMD CEO Lisa Su. Huang and Su are distant cousins who didn't meet until the very advanced stages of their careers.

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AI has been the story of the year 2024 in the tech and investment sectors. The rapid advancement in AI capabilities has enabled the technology to be adapted to almost endless consumer applications. AI has gone from a theoretical idea to a tool that can enhance everything from golf club design to Google searches. That has spawned a lucrative ecosystem for services and technology that support AI's continued development.

High-performance central processing units (CPUs) and graphics processing units (GPUs) are near the top of that ecosystem. That's because AI computing requires advanced GPUs and CPUs to rapidly process information, making AI special. Reaching the next stages in AI development is a technological "arms race" between the world's chipmakers.

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Advanced Micro Devices (AMD) and Nvidia are two of the biggest participants in that arms race. AMD is a legacy player in the chip game. AMD was founded in Santa Clara, California in 1969 and is a charter member of the companies that helped Northern California become known as the "Silicon Valley." Benzinga estimates its market cap at $201.12 billion.

Nvidia and its rapid ascent into the S and P 500 Magnificent Seven has been one of the most dramatic stories in the investing world. According to public filings, Nvidia's market cap is close to $3.4 trillion, making it one of the world's most valuable companies. The Bloomberg Billionaire Index estimates Jensen Huang's net worth to be $122 billion, most of which is represented by Nvidia stock options.

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Huang's Nvidia is boat-racing Lisa Su's AMD in the chipmaker battle by that metric. That said, AMD will always be a major GPU and CPU game player and Nvidia has overtaken AMD under Huang's leadership. Although Huang and Su are not far apart in age, their familial relationship is not immediate. Su told Bloomberg News' Emily Chang, "We (Su and Huang) were really distant, so we didn’t grow up together.” 

Su elaborated on their relationship in a 2020 interview by saying she and Huang are "distant relatives, so some complex second cousin type of thing.” Despite being born in Taiwan, the two never crossed paths growing up and didn't meet until after building careers as high-level professionals. Su recounted their first meeting to Bloomberg's Emily Chang, saying, “We met at an industry event. So, it wasn’t until we were well into our careers.”

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