Nvidia has taken the lead as the most valuable company in the world, surpassing Microsoft with a market capitalization of $3.34 trillion. CEO Jensen Huang has been instrumental in leading Nvidia to this milestone, with the company’s sought-after semiconductors driving AI-related computing tasks in data centers. Over the past year, Nvidia’s shares have surged by over 200%, making it a dominant force in the market.
Jensen Huang, also known as the “godfather of AI,” co-founded Nvidia in 1993 and has been driving the company’s success ever since. Nvidia’s market capitalization gains have contributed significantly to the S&P 500’s performance this year. The company’s recent quarterly results showed impressive growth, with revenue reaching $26 billion, exceeding expectations and demonstrating strong financial leadership under CFO Colette Kress.
Kress, who joined Nvidia in 2013, has been a key player in the company’s financial success, drawing on her extensive experience in finance from major technology companies like Cisco and Microsoft. She emphasized the importance of adapting processes as Nvidia grows, focusing on digitizing manual processes and creating digital solutions to support the company’s rapid expansion.
In other financial news, LendingTree appointed Jason Bengel as the new CFO, while Shuttle Pharmaceuticals Holdings named Timothy Lorber as the financial director. A report by Harvard Business Review explores the effectiveness of virtual meetings in the era of hybrid work, highlighting key findings on meeting participation and employee retention. Additionally, the Fortune Southeast Asia 500 ranking was released, showcasing the largest companies in the region.
Boeing CEO Dave Calhoun addressed concerns about the company’s culture amid safety and quality issues during a Senate panel, acknowledging the need for improvement. For more insights on leadership and career strategies, you can sign up for the Fortune Next to Lead newsletter launching on June 24, 2024.
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https://fortune.com/2024/06/19/nvidia-cfo-instrumental-success-key-jensen-vision/