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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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[–] sugar_in_your_tea@sh.itjust.works 6 points 5 months ago (1 children)

Yes: market share. And Nvidia has the top performing cards on the market, so there's no reason to go with a competitor.

[–] Cort@lemmy.world 4 points 5 months ago (1 children)

And inertia. Same reason x86/64 is still the king. Nobody wants to update their software to a new architecture

[–] sugar_in_your_tea@sh.itjust.works 2 points 5 months ago

Exactly. People will do it if there's a big enough incentive, but that just doesn't exist for openCL.