The article discusses the significant increase in compensation for Nvidia CEO Jensen Huang, driven by the company’s success in the AI chip market. Huang’s total compensation for the fiscal year 2023 reached a staggering $66.1 million, a 7.5% increase from the previous year. This surge is attributed to Nvidia’s dominance in providing chips for AI applications, particularly in areas like generative AI and large language models. The company’s stock has skyrocketed, reflecting investor confidence in its ability to capitalize on the growing demand for AI hardware. Huang’s compensation includes a $1.5 million base salary, $19.6 million in stock awards, and a $45 million performance-based bonus. The article highlights Nvidia’s strategic positioning in the AI chip market and the potential for continued growth as AI adoption accelerates across various industries.
Source: https://www.businessinsider.com/nvidia-ceo-jensen-huang-copensation-pay-hike-ai-chip-demand-2024-5