$2.5 million is money that most people won't see in their lifetime, and Nvidia's CEO has agreed to take out as much from his pay after the company posted disappointing numbers.
Nvidia is one of the biggest names in the gaming and tech industry. Unfortunately, the last year's sales figures didn't quite live up to expectations. Because of this, Huang has decided to demonstrate his commitment to regain the investors' trust in the company. But, don't expect Huang to make significant adjustments to his lifestyle.
While $2.5 million is a significant amount of money for most people, Huang's finances aren't expected to take a large hit as he owns a considerable amount of company stock.
As per The Register, Huang's take-home pay will be $21.35 million will still be around $21.35 million or nearly half a million a week, which most of us would take in a heartbeat.
Still, Huang's pay cut sends a strong message to the public and the stakeholders about his dedication to the company's performance.
NVIDIA is a dominant force in the gaming industry as their GPUs have consistently ranked among the top choices for both casual and professional gamers. Despite this, the company isn't immune to the issues that plagued others over the past few years, including supply chain issues, global chip shortages, and, perhaps more importantly, increasing competition from AMD and, most recently, Intel.
Onlookers shouldn't feel too bad for Nvidia and Jensen. The company is in a good place to take advantage of an expected increase in demand for its products as the world pivots towards AI products, smart automation, and accelerated computing. As this area continues to expand, the future is looking strong for Nvidia.
Also, lest we forget, the Nvidia share price is up to $288, as of the time of writing, which is a 73% increase compared to its price of $166 a year ago.
In the meantime, Nvidia can focus on improving its supply chain and production capabilities to help meet the demand for graphics cards. This can help Nvidia recapture its lost market share and make up for the recent sales slump.
Speaking of Nvidia, the company recently voiced its support for the Activision Blizzard purchase of Microsoft. Finally, the authorities recently "fished out" an Nvidia GPU smuggling attempt.
