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How Nvidia’s CFO became one of the most influential women in Silicon Valley
Fortune
Follow
10/4/2024
Nvidia CFO Colette Kress has been a key part in turning the company into Wall Street’s hottest stock.
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Tech
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00:00
NVIDIA became a nearly $3 trillion company and a Wall Street favorite.
00:04
Founder and CEO Jensen Huang started the company in 1993 and has pioneered accelerated computing.
00:10
But after a record-setting year, it's CFO Colette Kress who deserves a lot more credit.
00:14
When Kress first joined the company in 2013, it was worth less than $10 billion.
00:19
A decade later, it hit a valuation of $1 trillion.
00:22
She then spent the next 25 years working at major tech companies like Cisco and Microsoft
00:27
before joining NVIDIA as EVP and CFO in September 2013.
00:31
At the time, NVIDIA was known mainly by gamers as the company that supplied
00:34
graphic processing chips for computer games.
00:37
Huang persuaded Kress to come aboard and she was also encouraged to join NVIDIA
00:40
by her then 8 and 10-year-old sons whose favorite games were powered by the company's chips.
00:45
Although Huang is the figurehead of the company, Kress can be attributed to a significant share
00:49
of its success over the past decade by managing the financial relationships with suppliers.
00:54
Fast forward to today, Kress has become a key player in the growing AI industry and
00:57
sits at number 16 on Fortune's Most Powerful Women list.
01:01
And this is the story of how
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