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."

  • Buffalox@lemmy.worldEnglish
    2·
    7 months ago

    Personally I’m an AMD guy, I don’t like the proprietary approach Nvidia takes to everything.
    But I have to admit, Nvidia has been on the ball for 30 years now, and it’s very impressive what they have achieved.
    I think the rest of the industry needs to pool together around an open standard, if they want to have a chance to compete against the near monopoly Nvidia has because of CUDA.