A chip costs $100,000 (720,000 RMB), no wonder NVIDIA makes a lot of money and its employees are well-off.
1. Oracle Corporation purchased 400,000 NVIDIA chips for $40 billion, with an average price of $100,000 per chip, enough to buy 10 Santana cars.
2. In the first fiscal quarter, NVIDIA made a profit of $18.78 billion, averaging 1.5 billion RMB per day, even more profitable than the three major oil companies. In the first half of 2024, the three major oil companies made an average of 1.12 billion RMB per day.
3. 78% of employees have assets exceeding $1 million (7.19 million RMB), and 39% of employees have assets exceeding $25 million (180 million RMB).
NVIDIA, a private enterprise, is indeed profitable. With the competition in real estate, car manufacturing, and online shopping, why not spend more time researching chips, lithography machines, and aircraft engines?