WSJ: Jensen Huang called his CFO a 'reporting CFO' amid Nvidia circular financing woes
SumitGup · x · 2026-11-13
A WSJ investigation reveals internal tension at Nvidia: in a tense late-summer meeting, Jensen Huang called CFO Colette Kress a 'deer in the headlights' and a 'reporting CFO' not suited for strategy. The trigger: Nvidia's balance-sheet-funded deals to prop up the AI boom were faltering — including billions in guarantees to companies that can't afford its chips, with deals led by Huang's son-in-law Nico Caprez offering financing to upstart cloud providers to convert them into customers. Huang now questions whether the dealmaking went too far, as major cloud providers plan to reduce reliance on Nvidia while committed wafer and memory purchases loom 'like an avalanche.' Critics like Ed Zitron read this as multi-billion circular financing aimed at inflating revenue.
Related event: Jensen Huang Resigns as NVIDIA CEO, Kress Steps In(15 posts)→
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