this post was submitted on 08 Jun 2024
355 points (96.6% liked)

Technology

59267 readers
3726 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
355
Nvidia is now worth $102M per employee (sherwood.news)
submitted 5 months ago by [email protected] to c/[email protected]
39 comments fedilink hide all child comments
 

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."

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 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.

[–] [email protected] 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

[–] [email protected] 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.