Nvidia CFO Colette Kress: ‘AI is no longer a nice-to-have’
Nvidia has evolved from a chipmaker to a leading AI infrastructure company, significantly increasing its market value. CFO Colette Kress emphasizes the necessity of AI for productivity across industries, highlighting Nvidia's pivotal role in the AI sector. The company reported record revenues and is projecting substantial growth in global AI infrastructure spending.
- ▪Nvidia's market value surged from less than $400 billion in 2022 to over $5 trillion by 2026.
- ▪The company reported record revenue of $81.6 billion for the quarter ended April 26, 2024, marking an 85% increase from the previous year.
- ▪Nvidia's CFO Colette Kress stated that AI is now essential for enhancing productivity across all industries.
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| Original publisher | Fortune |
| Canonical URL | https://fortune.com/2026/05/30/nvidia-cfo-colette-kress-ai-no-longer-a-nice-to-have/ |
| Publication time | Sat, 30 May 2026 11:30:00 +0000 |
| Retrieval time | 2026-05-30T12:09:36.294Z |
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Opening excerpt (first ~120 words) tap to expand
Nvidia’s rise from chipmaker to AI infrastructure powerhouse has transformed it into one of the world’s most valuable companies. Leading the financial operation behind that ascent is CFO Colette Kress, No. 49 on the 2026 Fortune Most Powerful Women list.Kress joined Nvidia in 2013. Before that, she was SVP and CFO of Cisco’s Business Technology and Operations Finance organization. She also spent 13 years at Microsoft, including four years as CFO of its Server and Tools Division. Earlier in her career, Kress held various finance positions at Texas Instruments.Recommended Video In 2022, Nvidia was worth less than $400 billion. By 2024, it had crossed $3 trillion in market value. In 2025 and 2026, fueled by explosive demand for AI infrastructure, Nvidia surpassed the $5 trillion mark.
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