NVIDIA's interim CEO may adopt a more cautious business strategy than Jensen Huang

Odaily reports: NVIDIA (NVDA.O) interim CEO and Chief Financial Officer Colette Kress has previously raised objections multiple times to the high-risk deals pushed by Jensen Huang. People familiar with the matter say Kress may adopt a more cautious business strategy than Jensen Huang. She previously opposed NVIDIA's plan to provide up to $250 billion in credit support to OpenAI; the deal was ultimately split, and NVIDIA currently only committed to providing approximately $100 billion in credit support. With data center projects delayed and cloud computing deals canceled, Kress had already begun diversifying NVIDIA's financial risk exposure to a small number of customers. NVIDIA had previously provided more than $100 billion in financial support to customers and supply chain partners, including investments and credit guarantees. After Huang's departure, some investors are concerned that the company may tighten financing support. One cloud service provider has already considered switching to Google or AMD chips.

In addition, Kress also needs to address challenges such as customers diversifying their procurement, tightening U.S. export controls, and internal power adjustments within the company. The report noted that she had previously disagreed with Jensen Huang, as well as his daughter and son-in-law, on company matters. (The Information)