:max_bytes(150000):strip_icc()/INV_NvidiaOffice_GettyImages-1258367321-1de31bdc653342c69a3fc36c65a9016d.jpg?w=1500&resize=1500,1000&ssl=1 "Nvidia CFO Says Chipmaker Could Spend Cash on M&A | Global News Avenue")
Nvidia CFO Says Chipmaker Could Spend Cash on M&A
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Main points
- Nvidia’s chief financial officer said at a conference that the company is considering using some of its cash to invest in mergers and acquisitions.
- The chipmaker ended its fiscal third quarter with $38.5 billion in cash, cash equivalents and marketable securities.
- UBS analysts expect Nvidia to generate $120 billion in free cash flow in 2025.
NVIDIA (NVDA) may use its growing cash reserves to pursue acquisitions, CFO Colette Kress said Tuesday.
According to a transcript provided by AlphaSense, Kress said at the UBS Global Technology and Artificial Intelligence Conference that the chipmaking giant would consider investing “in the form of some kind of merger and acquisition.”
“This gets us thinking about new business models that we might want to add and focus on in new areas of artificial intelligence,” Kress said.
Nvidia, one of the two most valuable companies in the world, sees endless demand for its range of products. Artificial Intelligence (AI) chips, including next-generation Blackwell graphics processing units.
company Ends fiscal third quarter Cash, cash equivalents and marketable securities were $38.5 billion, up from $34.8 billion in the previous quarter.
Nvidia’s stock price was little changed during trading on Tuesday, but its stock price has soared 180% in 2024.
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