(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 […]
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Nvidia CFO says M&A possible use for growing cash hoard
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(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)