Jensen Huang, CEO of Nvidia Corp. (NASDAQ:NVDA), urged people to move to California despite the state’s high taxes on Thursday, a stance that contrasts with the recent exodus of billionaires from the state.
Huang Swims Against the Billionaire Tide
“I say to everybody, ‘Move to California. Don’t leave. It’s the highest taxes in the world, but it’s OK,’” Huang said at Stanford Graduate School of Business alongside Rep. Ro Khanna (D-Calif.).
“The weather is great,” Huang added.
Huang’s remarks put him at odds with a growing wave of ultra-high-net-worth individuals leaving California and signal that the state’s most prominent tech leaders remain divided over whether its tax climate poses an existential threat to Silicon Valley’s dominance—a debate with significant implications for innovation, capital formation, and the broader U.S. technology sector.
Comments from one of the world’s 10th-richest people come at a time when several high-profile billionaires, …
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