Jensen Huang once publicly criticized interim CEO Kress as "a CFO who only minds the books," questioning his lack of strategic decision-making capability.

BlockBeats news, November 13 — This summer, Nvidia founder Jensen Huang convened a meeting of core financial executives to discuss the risks posed by the company providing billions of dollars in financing guarantees to cash-strapped AI companies, and at the meeting publicly and sharply criticized current interim CEO Colette Kress.

A person familiar with the matter revealed that during Kress's report, Huang interrupted her, describing her as like "a deer caught in the headlights," and said she was merely "a CFO who only handles the books" and could not help him formulate strategy and make key decisions.

The report noted that at the time Nvidia was providing financial support to emerging cloud service providers and data center developers through financing guarantees and other means in exchange for long-term chip customers. Some of these deals were led by Huang's son-in-law, Nico Caprez. As the scale of the related transactions continued to expand, Huang also began to question whether the company was expanding too quickly.

The meeting also exposed internal Nvidia concerns about aggressive AI investment and financing guarantee strategies, as well as disagreements between Kress and Huang at the strategic decision-making level.