Nvidia CFO Says Chipmaker Could Spend Cash on M&A
Nvidia(NVDA) Investopedia·2024-12-04 02:05
Key TakeawaysNvidia is considering spending some of its cash on M&A investments, the company's CFO said at a conference.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 stockpile of cash on mergers and acquisitions, Chief Financial Officer Colette Kress said Tuesday. The chipmaking giant would consider investing "in some M&A for ...