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)