Nvidia's interim CEO, Colette Kress, adopts a more cautious business strategy.
Nvidia's interim CEO and CFO, Colette Kress, had objected to the high-risk deal pushed by Jensen Huang. Kress opposed Nvidia's plan to provide up to $250 billion in credit support for OpenAI, a deal that was ultimately broken up, with Nvidia currently only committing to approximately $100 billion in credit support. With data center projects delayed and cloud computing deals canceled, Colette Kress has begun diversifying Nvidia's financial exposure to a small number of customers. Nvidia has provided over $100 billion in financial support, including investments and credit guarantees, to customers and supply chain partners, raising concerns among some investors that the company may tighten its financing. One cloud service provider has already considered switching to Google or AMD chips. Colette Kress also faces challenges such as diversified customer sourcing, tightening U.S. export controls, and internal power realignment within the company. She has also had disagreements with Jensen Huang and his family over company matters. (Source: The Information)