Reported about 1 year ago
On June 9, 2024, FTNN News reported that NVIDIA's market value surpassed $3 trillion, with CEO Huang Renxun's net worth soaring. The average net worth of 29,600 employees also reached $102 million, attributed to Huang's decision not to conduct massive layoffs despite a 66% stock price drop in 2022, fostering employee loyalty and propelling NVIDIA to a dominant position in AI technology. Huang's approach of caring for employees has garnered high praise, with the company's success stemming from employee dedication and the leadership's focus on not disappointing them by avoiding layoffs.
Source: YAHOO