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Nvidia is now worth $102M per employee (sherwood.news)

submitted 5 months ago by sigmaklimgrindset@sopuli.xyz to c/technology@lemmy.world

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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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[–] sigmaklimgrindset@sopuli.xyz 50 points 5 months 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 5 months 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

[–] sigmaklimgrindset@sopuli.xyz 15 points 5 months ago (2 children)

Very true. I personally know two people who were at Nvidia who have retired/are in the process of leaving now, and it hasn't been a hassle for them personally. That obviously doesn't speak for everyone ofc.

I also think Nvidia wants to buy back as many shares as possible from their employees like every other big public tech giant is doing right now.

[–] mos@lemmy.world 7 points 5 months ago (1 children)

From this, it describes someone losing half a billion dollars which would leave them with over 300 million. That doesn’t sound too bad and is unrelated to difficulty with RSUs.

[–] sigmaklimgrindset@sopuli.xyz 7 points 5 months ago

I linked you the wrong thing, sorry 🤦 I meant to link a reddit thread discussing employee RSU rates at Nvidia, but now I can't find it because Google AI has decided that I don't need to see that anymore.

I'm sure you can find it if you google (again sorry), but there was definitely a lot of mixed bag experiences on it, you're right. The people who got in by 2015-2016 and got some seniority are making out like bandits now.

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