Other Nvidia executives also saw a rise in compensation, with CFO Colette Kress's compensation increasing by 22% to $13.3 million. The median employee's pay also rose by 17% to $266,939 in fiscal 2024. Nvidia's share price closed 1.1% higher at $913.56 on Tuesday, with an 85% increase this year and over 200% gain in the past 12 months.
Key takeaways:
- Nvidia CEO Jensen Huang received a $34.2 million compensation package for the fiscal year, a 60% increase from the previous year, due to strong demand for the company's AI chips.
- Huang's compensation consisted of $26.7 million in stock awards, $4 million in cash bonuses, and $2.5 million for other expenses.
- The demand for AI chips has tripled Nvidia's share price in the past year, making it the third-most valuable company in the world after Microsoft and Apple.
- Other Nvidia executives and employees also saw a rise in compensation, with the median employee taking home $266,939 in fiscal 2024, a 17% increase from the previous year.