Nvidia is now worth $102M per employee

Comments

• jherazob@beehaw.org ⁨5⁩ ⁨months⁩ ago

  • “Are the employees gonna see a cent of this?”

  • “Fuck, no!”

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  • sigmaklimgrindset@sopuli.xyz ⁨5⁩ ⁨months⁩ ago

    Well, they technically will see SOME cents of this because I’m pretty sure Nvidia gives employees stocks too.

    But yeah, I also posted this because it’s a clear illustration of how most salaries will never reflect the value your labour brings to an organization.

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    • teawrecks@sopuli.xyz ⁨5⁩ ⁨months⁩ ago

      Or more accurately, it’s a clear illustration of how overvalued they are right now.

      But as the saying goes, the market can remain irrational longer than you can remain solvent.

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    • sonori@beehaw.org ⁨5⁩ ⁨months⁩ ago

      I don’t think many people would claim overall valuation has much of anything to do with the value labor brings to an organization.

      In this case I think all it indicates is just how much the company’s stock price is driven by speculation about possible demand for generative AI, and even then I’m not sure that current price per share times number of shares divided by number of employees is a clear indication of that.

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  • borari@lemmy.dbzer0.com ⁨5⁩ ⁨months⁩ ago

    I’ll just leave this here.

    businessinsider.com/nvidia-employees-rich-happy-p…

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    • jmcs@discuss.tchncs.de ⁨5⁩ ⁨months⁩ ago

      That is the most… American thing I read in months. Workers complaining about half decent work conditions. As a European, being harder to get hired than to get fired was always a given to me, and I believe that’s a good thing.

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    • sigmaklimgrindset@sopuli.xyz ⁨5⁩ ⁨months⁩ ago

      Brilliant, thanks for this!

      I said in a comment on mastodon that I don’t think the batch of newer employees hired at Nvidia are going to have anywhere near the same compensation as the current employees will, and this kind of helps support my suspicions…

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    • floofloof@lemmy.ca ⁨5⁩ ⁨months⁩ ago

      archive.is/YBMgY

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• coffeetest@beehaw.org ⁨5⁩ ⁨months⁩ ago

  The great thing about the stock market compared to other investments like crypto is that stocks are based on the inherent value of the business they represent. Stocks are based on financial fundamentals. You can believe in those investments because they are based on something real and not simply rampant speculation. For example.

  Tesla. Worth more than most of the rest of the car market combined because… reasons?

  Paypal. Lost 80% of its value starting in July 2021 over a year and never recovered because of terrible problems? Huge losses? Nope, because it “only” grew at 8-9%.

  2008 US housing rated as “AAA” investment i.e. “good as cash” based on actual trash.

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  • MonkderDritte@feddit.de ⁨5⁩ ⁨months⁩ ago

    because they are based on something real and not simply rampant speculation.

    \s

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    • Chadus_Maximus@lemm.ee ⁨5⁩ ⁨months⁩ ago

      I mean… It would be true if there were no derivatives. When you start betting money on whether the line goes up or down, the stock price cases being reflective of the stock’s value.

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  • RecluseRamble@lemmy.dbzer0.com ⁨5⁩ ⁨months⁩ ago

    In the long term it works quite a bit better as a valuation tool. Bubbles tend to not last very long.

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• JoMiran@lemmy.ml ⁨5⁩ ⁨months⁩ ago

  Image

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  • jmcs@discuss.tchncs.de ⁨5⁩ ⁨months⁩ ago

    In Nvidia’s case that’s actually true for long tenured employees - assuming they cash out before the bubble bursts.

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  • sparkle@lemm.ee ⁨5⁩ ⁨months⁩ ago

    I can’t imagine most Nvidia enployees don’t make enough to become millionaires within like 3-5 years if they aren’t already. Their entry-level software engineering positions have a base pay of $178K.

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  • tal@lemmy.today ⁨5⁩ ⁨months⁩ ago

    kagis

    They probably aren’t hurting.

    Aside from any other forms of stock-based compensation or bonuses – which they probably aren’t gonna publish – looks like they’ve got an employee stock purchase plan.

    www.nvidia.com/en-us/benefits/money/espp/

    Enroll in our current ESPP offering during the month you’re hired or during an official enrollment period, which occurs in February or August. Elect to contribute from 1-15 percent of your salary through payroll deductions.

    Your offering price for NVIDIA ESPP gets set the first trading day after the month you’ve enrolled, and it remains the look-back price for up to 24 months. 

    During these two years, there will be four purchase periods. Your contributions over each period will purchase our shares at a 15 percent discount.

    The company’s worth something like 200 times what it was in 2015.

    www.levels.fyi/companies/…/software-engineer

    Software Engineer compensation in United States at Nvidia ranges from $178K per year for IC1 to $542K per year for IC6.

    If someone’s been maxing their ESPP out, just from that alone, they’re probably doing pretty well. You convert 15% of your salary into stock, and that 15% of your income from 2015 alone is worth ten years of income down the road, over a million.

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  • Blackout@kbin.run ⁨5⁩ ⁨months⁩ ago

    Layoffs imminent

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• megopie@beehaw.org ⁨5⁩ ⁨months⁩ ago

  This is definitely realistic and not an over valuation based on AI-hype investor brain rot. Like, they’re a fucking graphics card company. Like, sure graphics cards can do some cool linear algebra, and linear algebra can do some cool things… but I’m sorry, they’re not going to be earning as much as Apple or Microsoft, companies that sell the whole rest of the computer to people and/or plurality of software that runs on it.

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  • sonori@beehaw.org ⁨5⁩ ⁨months⁩ ago

    Technically, they don’t even make the actual graphics cards, they just design them and then outsource manufacturing to TSMC.

    But don’t you know that doesn’t matter, because by 2028 every singe company in the world is going to need a data center filled with tens of thousands of AI accelerators turning their own scrape of the internet into a chatbot, and so one of the companies that makes thouse accelerators is definitely going to have as much business as companies that make half of everyone’s phones or computer software./s

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    • lud@lemm.ee ⁨5⁩ ⁨months⁩ ago

      Designing graphic cards is really fucking hard though plus they make the firmware.

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• Rikj000@discuss.tchncs.de ⁨5⁩ ⁨months⁩ ago

  = AI bubble

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• Kissaki@beehaw.org ⁨5⁩ ⁨months⁩ ago

  Are they gonna pay them out? /s

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  • istanbullu@lemmy.ml ⁨5⁩ ⁨months⁩ ago

    Are they gonna pay them out? /s

    Most Nvidia employees are paid in company stock. They have made millions in the last year.

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• darkphotonstudio@beehaw.org ⁨5⁩ ⁨months⁩ ago

  AI is certainly a bubble but Nvidia has been working on this stuff long before the hype. I don’t think you can easily dismiss them. Personally I don’t think the future of AI is giant data centres, it will be running in desktops. It already is.

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  • Catsrules@lemmy.ml ⁨5⁩ ⁨months⁩ ago

    It will be both. AI local and AI cloud.

    For the average person every day use AI will be local on device. But companies with massive data sets will be processed with a data center.

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• ryan213@lemmy.ca ⁨5⁩ ⁨months⁩ ago

  Damn, those employees can buy they own yachts! Must be nice!

  /s

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