Nvidia (NVDA) may use its growing stockpile of cash on mergers and acquisitions, 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer Colette Kress said Tuesday. 

The chipmaking giant would consider investing "in some M&A form,” Kress said at the UBS Global Technology and AI Conference, according to a transcript provided by AlphaSense.

“It leads to thinking abo💎ut new types of business models that we may want to add and focus on in new areas of AI,” Kre꧒ss said.

Nvidia, one of the two most valuable companies in the world, has seen insatiable demand for the its family of 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI)꧂ chips, includ🀅ing its next generation Blackwell graphics processing units.

The company 澳洲幸运5官方开奖结果体彩网:ended its fiscal third quarter with $38.5 billion in cash, cash equivalents and marketable securities, up from $34.8 billion a quarter earlier.

Nvidia shares were little changed intraday Tuesday but have 🐬rocketed 180% higher in 2024.