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What’s Behind NVIDIA’s Q2 2023 Revenue Losses? – XR today
Jensen Huang, CEO and President of NVIDIAreportedly took a significant pay cut after his company missed its financial sales targets in its second-quarter earnings report. According to media reports, he received compensation worth $21.4 million, down 10% from the previous year. The company released Huang’s earnings in its 2023 annual report. However, he added that NVIDIA had not offered Huang his full payment due to the shortfall. Huang bagged a financial package that included a base salary of $996,216 and $19.666 million in stock. He also received an additional $693,710 in compensation for life insurance, travel, security and the like. Although continued losses have hurt NVIDIA’s earnings, the company is…