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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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[–] NewNewAccount@lemmy.world -5 points 5 months ago (7 children)

What’s the difference, really?

The market ultimately dictates value

[–] maynarkh@feddit.nl 16 points 5 months ago* (last edited 5 months ago) (4 children)

The difference is that the stock market has a very distorted definition of value.

If you say that the value of something is what someone else is willing to pay for it, I could trade my house with a friend and say they paid a billion for it, except they paid me with their own billion-dollar house, and we would both become billionaires. Of course, that would be bullshit, but if my friend and I sat on the board of the FED, it would somehow become actually real.

I see how that works, but the question is, how far can that stretch? Wall Street already tells us there is stuff worth more than 40 years of the US GDP trading around in their pockets, so how much more can that get before they get called on their bullshit like me and my hypothetical friend?

[–] yeahiknow3@lemmings.world 2 points 5 months ago (1 children)

It’s a ponzi scheme

[–] maynarkh@feddit.nl 4 points 5 months ago

In which we all participate whether we like it or not.

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