this post was submitted on 08 Jun 2024
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Technology

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Nvidia is now worth $102M per employee (sherwood.news)
submitted 6 months ago by sigmaklimgrindset@sopuli.xyz to c/technology@beehaw.org
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"...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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[–] sparkle@lemm.ee 6 points 6 months ago* (last edited 6 months ago)

I can't imagine most Nvidia employees don't make enough to become millionaires within like 5-10 years if they aren't already. Their entry-level software engineering positions have a base pay of $147K and total compensation of $180K. The lowest paying level of senior engineers gets more like $300K... Even the ones who leave before then are highly likely to get a job with comparable pay or benefits considering they have Nvidia on their resumé.

Now, tens-of-millions-aires, I don't think most employees get there.