Nvidia CFO Says Chipmaker Could Spend Cash on M&A

Group 1 - Nvidia is considering using its cash reserves for mergers and acquisitions, as stated by the CFO at a conference [1][2] - The company ended its fiscal third quarter with $38.5 billion in cash, cash equivalents, and marketable securities, an increase from $34.8 billion in the previous quarter [3] - UBS analysts project Nvidia will generate $120 billion in free cash flow by 2025 [1] Group 2 - Nvidia has experienced strong demand for its AI chips, including the next generation Blackwell graphics processing units [3] - Nvidia's stock has surged 180% in 2024, although shares were relatively unchanged during intraday trading on Tuesday [4]