Nvidia’s run has been so remarkable that the market now believes the company is worth more than $100 million per employee....

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."

  • AdamEatsAss@lemmy.worldEnglish
    0·
    4 months ago

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

    • sigmaklimgrindset@sopuli.xyzOPEnglish
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      4 months ago

      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.

        • sigmaklimgrindset@sopuli.xyzOPEnglish
          0·
          4 months ago

          Hmm, interesting, are you able to expand on that at all? The people I know who are retiring have been there a decade or so, I’m wondering what newer hires are experiencing.