• Wed. May 29th, 2024

CEO Jensen Huang of Nvidia Receives Record-Breaking Compensation Package Amid High Demand for AI Chips

BySamantha Nguyen

May 15, 2024
Nvidia CEO Jensen Huang Receives 60% Pay Increase to $34 Million

As a co-founder and CEO of Nvidia, Jensen Huang received a substantial compensation package last year due to the high demand for the company’s AI chips. His fiscal year compensation increased by 60% from the previous year, earning him $34.2 million. This package included stock awards, cash bonuses, and other expenses such as residential security and car services.

The surge in demand for Nvidia’s AI chips has propelled the company’s share price, leading to significant financial gains for Huang. During the company’s fourth-quarter earnings call, he had to reassure analysts about fair allocation of chips. Nvidia’s strong performance in the AI chip market has made it one of the most valuable companies globally, with its share price tripling over the past year.

Huang’s personal wealth has also grown significantly due to his 3.8% stake in Nvidia. Other Nvidia executives, including Chief Financial Officer Colette Kress, also saw an increase in compensation. Additionally, rank-and-file employees experienced pay raises, with the median employee earning $266,939 in fiscal 2024.

Nvidia’s share price closed higher on Tuesday as it continues its upward trend for the year. The stock has seen significant growth over the past 12 months, reflecting the strong demand for its AI chips and its leadership in the market.

In conclusion, Jensen Huang earned a substantial compensation package last year due to high demand for Nvidia’s AI chips. His personal wealth has also grown significantly due to his stake in Nvidia and his leadership role at the company.

As one of co-founders of Nvidia and CEO Jensen Huang received $34.2 million for his fiscal year ending January 2025 which marked an increase of 60% from his previous years compensation of $21

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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