Nvidia’s run has been so remarkable that the market now believes the company is worth more than $100 million per employee....

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."

  • technocrit@lemmy.dbzer0.comEnglish
    11·
    5 months ago

    At least the article points out that this is a Wall Street valuation

    Market cap is not just a “Wall Street valuation” (whatever that means).

    meaning it’s meaningless in reality

    Tell that to the stockholders.