this post was submitted on 08 Jun 2024
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Technology

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Nvidia is now worth $102M per employee (sherwood.news)
submitted 6 months ago by sigmaklimgrindset@sopuli.xyz to c/technology@beehaw.org
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"...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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[–] realitista@lemm.ee 1 points 6 months ago (1 children)

The value of anything is what people are willing to pay for it, full stop.

[–] sonori@beehaw.org 1 points 6 months ago (1 children)

Then by definition the employees are perfectly compensated for the value of their labor, as that labor can only be worth exactly what the company pays for it, and there is absolutely no reason why they should get any more. That’s actually one of the reasons why the value = money theory tends to be pretty rare outside of the far right libertarianism.

[–] realitista@lemm.ee 1 points 6 months ago

Honestly I can't argue with that. That's the reality of the situation. But emotionally they still deserve a bigger piece of what they created.