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What you need to know
- Nvidia is considering spending some of its cash on M&A investments, the company's CFO said at a conference.
- In the third quarter of its fiscal year, chipmaker Intel ended with $38.5 Billion in cash and equivalents as well as marketable securities.
- Analysts at UBS expect Nvidia’s free cash flow to reach $120 billion by 2025.
Colette Krass, the Chief Financial Officer of Nvidia said that it may be possible to use some of its cash infusions for mergers or acquisitions.
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.
Nvidia, one of the two most valuable companies in the world, has seen insatiable demand for the its family of artificial intelligence (AI) chips, including its next generation Blackwell graphics processing units.
The company 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 stock prices were barely changed Tuesday intraday, but will be 180% higher 2024.
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