this post was submitted on 08 Jun 2024
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Nvidia is now worth $102M per employee (sherwood.news)
submitted 1 year ago by sigmaklimgrindset@sopuli.xyz to c/technology@lemmy.world
39 comments fedilink hide all child comments
 

I know this is more business than tech related, but for some reason I am not able to post it to the business community, so I'm posting it here.

"...For Nvidia, after this latest run-up took it north of the $3T milestone, the company is being valued at more than $100M for each of its 29,600 employees (per its filing that counted up to the end of Jan 2024).

That’s more than 5x any of its big tech peers, and hundreds of times higher than more labor-intensive companies like Walmart and Amazon. It is worth noting that Nvidia has very likely done some hiring since the end of January — I think the company might be in growth mode — but even if the HR department has been working non-stop, Nvidia will still be a major outlier on this simple measure.

We are running out of ways to describe Nvidia’s recent run... but a nine-figure valuation per employee is a new one."

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[–] AdamEatsAss@lemmy.world 154 points 1 year ago (12 children)

And every employee will recieve the industry standard 3% raise based on performance at the end of year.

[–] sigmaklimgrindset@sopuli.xyz 50 points 1 year ago (9 children)

I'm like 90% sure Nvidia employees get stock options, but I'm not sure if that'd be the case for the newest batch of hires.

But yeah, this is a clear cut illustration of how salaries undervalue the actual labour provided, I don't think any Nvidia employee's getting 100M from their stocks + salary.

[–] rockSlayer@lemmy.world 22 points 1 year ago (5 children)

RSUs are kinda shit too though. According to coworkers at my company that are actually valued enough to receive them, they're pretty difficult to sell

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