Nvidia CEO Jensen Huang received a significant compensation package last year due to the high demand for the company’s AI chips. In the 2024 fiscal year, Huang’s compensation totaled $34.2 million, which was a 60% increase from the previous year. The package included $26.7 million in stock awards, $4 million in cash bonuses, and $2.5 million for other expenses like residential security and car and driver services.
Due to the success of Nvidia’s AI chips, Huang had to reassure analysts during the fourth-quarter earnings call that the company was distributing them fairly. The company’s dominance in the earnings season with its AI chips has resulted in a tripling of its share price over the past year, making it the third most valuable company in the world. Huang’s personal wealth has also grown significantly, making him the 18th-richest man in the world with a fortune of $80.5 billion, largely due to his 3.8% stake in Nvidia.
Other Nvidia executives have also seen increases in compensation, with Chief Financial Officer Colette Kress receiving about 22% more at $13.3 million. Additionally, rank-and-file employees also enjoyed pay increases, with the median employee earning $266,939 in fiscal 2024, a 17% increase from the year before. Nvidia’s share price closed 1.1% higher at $913.56 on Tuesday, with the stock up 85% so far this year and more than 200% over the past 12 months.
Nvidia has experienced tremendous growth due to its dominance in AI technology and its ability to cater to high demand for its products from various industries such as gaming and healthcare sectors.
Huang’s impressive performance has been instrumental in driving Nvidia’s growth and he continues to be recognized as one of industry leaders who is well positioned for continued success as AI technology continues to evolve.
In conclusion, Nvidia CEO Jensen Huang received a significant compensation package last year due to strong demand for their AI chips resulting from their dominance in earnings season with their products resulting tripling of their share price over past year making them third most valuable company world wide . Other executives including CFO Colette Kress also saw increases while rank-and-file employees enjoyed pay increases too with median employee earning $266,939 . With continued growth expected due to their positioning as industry leaders , it seems like they will continue
