Nvidia's chief Jenson Huang received a 60 percent pay bump in the corporation's fiscal 2024 on the back of a massive rally in the share price based on demand for AI, and triple digit growth percentages for revenue and operating profit.
For someone who is reportedly worth $81.7 billion, at least according to Forbes, the financial top-up from Nvidia's last fiscal year likely barely registered in Huang's bank account. He owns 3.79 percent of the chipmaker's total share base. Looking in more granular detail, the Compute and Networking division reported revenue of $47.4 billion, up 215 percent; Graphics was up 28 percent to $13.5 billion. The company's share price has bounced by 95 percent in the year to date to give it a market capitalization of $2.3 trillion., and the compensation packages for Nvidia's senior leaders are among the items of business that shareholders will be asked to vote for on June 26.