Nvidia CFO says M&A possible use for growing cash hoard

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Nvidia CFO says M&A possible use for growing cash hoard - Channel News Asia

Quick Summary:

AI chip leader Nvidia could put its growing cash pile to use through possible mergers and acquisitions, finance chief Colette Kress said during a technology conference in Arizona on Tuesday.

FILE PHOTO: The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022.

"We can also think about that in terms of our work, of bringing on great teams in some M&A form," she said at the UBS Global Technology and AI Conference, responding to questions on the company's cash hoard.