The Wall Street Journal reports that former Nvidia CEO Jensen Huang called CFO Collette Kress “a deer in the headlights” during a meeting earlier in the summer. The meeting concerned plans to guarantee billions of dollars for data center operators unable to pay for Nvidia chips upfront, and Huang reportedly said Kress could not help steer strategy or decisions.
The Journal, citing an anonymous source, also reports that Kress questioned how Nvidia should assess and value such guarantees. TechCrunch says Nvidia has not yet named a permanent CEO to replace Huang.
Why it matters
For Nvidia investors, Kress’s reported questions point to scrutiny of the risks and returns on large credit-backed deals; the details of the guarantees and their financial impact are not provided.
