Nvidia CEO Jensen Huang Receives 60% Pay Increase to $34 Million

Nvidia CEO Jensen Huang has seen a substantial increase in compensation last year due to the high demand for the company’s AI chips. As one of the co-founders of Nvidia, Huang received $34.2 million for the fiscal year ending in January, marking a 60% increase from the previous year’s compensation of $21.4 million. This compensation 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 also propelled the company’s share price, leading to significant financial gains for Huang and other executives at the company. During Nvidia’s fourth-quarter earnings call, Huang had to reassure analysts about fair allocation of chips amidst rising demand. The CEO had to ensure that all customers received their fair share of chips while maintaining profitability for the company.

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 contributing to his fortune of $80.5 billion. Other executives at Nvidia, including Chief Financial Officer Colette Kress, also saw an increase in compensation last year due to their contributions to the company’s success.

In addition to executive compensation, Nvidia’s rank-and-file employees also experienced pay raises last year. The median employee earned $266,939 in fiscal 2024, reflecting the strong demand for Nvidia’s AI chips and its leadership in the market. This upward trend is expected to continue as more companies adopt AI technologies and look towards Nvidia as a trusted supplier of these solutions.

Nvidia’s share price closed higher on Tuesday, continuing its upward trend for the year. The stock has seen significant growth over the past 12 months, reflecting not only its success in the AI chip market but also its ability to adapt to changing technology trends and customer needs.

Overall, Nvidia’s success in 2021 is a testament to its leadership position in

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