$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.
