Nvidia has become the most valuable company in the world, surpassing Microsoft with a market capitalization of $3.34 trillion. CEO Jensen Huang and his company have dominated the market with their sought-after semiconductors used in AI-related computing tasks. Nvidia’s shares have increased over 200% in the past year, leading the AI revolution and racing towards a $4 trillion market cap with Microsoft and Apple.
Huang, along with co-founders Chris Malachowsky and Curtis Priem, founded Nvidia in 1993. Their success has contributed significantly to the S&P 500’s market capitalization gains this year. Nvidia’s financial success was highlighted in their recent earnings report for the quarter ended April 28, with revenue of $26 billion, up 18% sequentially and 262% year-over-year.
Nvidia’s Executive Vice President and CFO Colette Kress has played a crucial role in the company’s success, bringing her experience from major technology companies like Cisco and Microsoft. Kress’s financial leadership has been key to Nvidia’s growth and success on Wall Street, aligning with Jensen’s vision for the company.
In a recent interview, Kress emphasized the importance of adapting processes and thinking about the future to ensure Nvidia’s continued growth. She highlighted the need to digitize manual processes and review how functions work together to create digital solutions, particularly as the company experiences rapid growth.
Kress reflected on her 30-plus year career, noting the evolution of different ways of doing things that never existed before, even at some of the largest companies she worked for in the past. Now, as part of the largest company in the world, Nvidia, Kress’s financial expertise and strategic vision contribute significantly to the company’s success. The story originally appeared on fortune.com and highlights Nvidia’s rise to the top in the tech industry under the leadership of Jensen Huang and Colette Kress.
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https://finance.yahoo.com/news/nvidia-cfo-instrumental-success-key-105353287.html