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


FILE PHOTO: The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo

(Reuters) - 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.

"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.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj Kalluvila)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Scale of social media use in pre-school children ‘deeply alarming’
Opinion: Are QR codes computer-friendly?
Pick your handle: WhatsApp preparing reservation queue for usernames
'Kirby Air Riders': A 'Mario Kart' alternative for the Switch 2
Meta delays release of Phoenix mixed-reality glasses to 2027, Business Insider reports
Opinion: How can you tell if something’s been written by ChatGPT? Let’s delve
'Stealing from a thief': How ChatGPT helped Delhi man outsmart scammer, make him 'beg' for forgiveness
A US man was indicted for allegedly cyberstalking women. He says he took advice from ChatGPT.
Apple, Tesla accused of profiting from horrific abuses, environmental destruction
Exclusive-How Netflix won Hollywood's biggest prize, Warner Bros Discovery

Others Also Read