Oct 24 (Reuters) - Microsoft ( MSFT ) CEO Satya

Nadella's fiscal 2024 compensation surged 63% to $79.1 million,

according to a filing on Thursday, helped by his stock awards in

a year when the tech behemoth's market value breached $3

trillion.

Stock awards for Nadella, who earned $48.5 million in 2023,

climbed to about $71 million from $39 million a year earlier.

Microsoft's ( MSFT ) shares had gained about 31.2% during the fiscal

year ended June 30, 2024.

Backed by its investment in ChatGPT maker OpenAI, Microsoft ( MSFT )

is widely seen as a frontrunner in the race for market dominance

in the rollout of generative artificial intelligence (AI) among

other tech heavyweights.

However, Nadella's cash incentive of $5.2 million was less

than the $10.7 million he was eligible for as he asked for a

reduction following multiple cybersecurity breaches reported

during the fiscal year, according to the filing.

Among other high-profile tech bosses, Apple's ( AAPL ) CEO

Tim Cook earned $63.2 million in 2023.

AI-chip giant Nvidia's ( NVDA ) CEO Jensen Huang's payout

was $34.2 million in fiscal 2024.