Even the employees of US semiconductor chip maker Nvidia are millionaires. However, they do not have time to spend money. The reason for this is the heavy workload and less holidays. An ex-officer of the technology wing claimed that people were expected to work seven days a week in the company. In the parking lot of the company’s Santa Clara headquarters campus, only luxury cars of expensive brands like Porsche, Covent, Lamborghini will be seen, where earlier there used to be normal model cars. Employees coming in these cars are mostly found where the company’s owner Jensen Huang lives. Nvidia stock has increased by 3,776% since the beginning of 2019. The company has made a profit by selling chips needed for Artificial Intelligence (AI). If you want to move ahead, become big, then you will have to work hard
The company’s owner Jensen Huang believes that hard work is necessary to move ahead, become big and do something new. He expects the same from the employees. Huang himself attends every small and big meeting. Such as selecting photos for a marketing campaign. Huang is known to send a regular email to Nvidia employees with a bulleted list of five things to a centralized email address. Huang sometimes uses email directly to ask for more details or give instructions. There is no fixed time limit for working in the company. Employees said that working hours are tiring and very stressful. Due to this, there is very little time left for buying a house and relaxing. A female employee who worked in marketing till 2022, on the condition of anonymity, said that she often participated in 7 to 10 meetings daily. More than 30 people attended each meeting, which often led to fighting and shouting. But due to the opportunity to get even more salary, she tolerated it for two years. Nvidia is the second most valuable company in the world. Nvidia is the second most valuable company in the world in terms of market capitalization. Nvidia’s market cap is $3.16 trillion (about Rs 265 lakh crore). In the list of top companies, Apple is the first company in the world with a market cap of $3.47 trillion (about Rs 291 lakh crore).
World’s top 10 valuable companies Nvidia became the world’s most valuable company in June
In June this year, Nvidia surpassed Microsoft to become the world’s most valuable company. On June 18, after the company’s shares rose, its market cap increased to $3.34 trillion (about Rs 278 lakh crore). At the same time, Microsoft’s market cap was $3.32 trillion (about Rs 276 lakh crore). Apple was overtaken on June 5
Earlier on June 5, Nvidia surpassed Apple to become the world’s second most valuable company. At that time, Nvidia’s market cap was $3.01 trillion (about Rs 251 lakh crore), Microsoft’s market cap was $3.15 trillion (about Rs 262 lakh crore) and Apple’s market cap was $3 trillion (about Rs 250 lakh crore). Nvidia is the world’s most valuable semiconductor firm
Nvidia is already the world’s most valuable semiconductor firm. NVIDIA has four engineering development centers in India. These are located in Hyderabad, Pune, Gurugram and Bengaluru. According to Bloomberg, Nvidia is planning to upgrade its AI accelerator.
