When Colette Kress joined the flea manufacturer Nvidia In September 2013, the company’s shares were negotiated on approximately 40 cents each. The following year, the shares were negotiated for a few more cents.
More than a decade later, Nvidia Stocks exchanged nearly $ 150 per share and the company had reached a market capitalization of more than 3 dollars.
A large part or even most of Nvidia’s amazing success can be attributed to advanced GPUs (graphic processing units), because these chips are at high demand thanks to the BOOM of the AI.
But Kress also played a key role in the success of the company and has become one of the Nvidia’s best powerful playershelping to guide the flea manufacturer towards financial success that the founders Jensen HuangCurtis Priem and Chris Malachowsky certainly never dreamed because they agreed to found Nvidia in 1993.
Kress’s education and the history of the career
Colette Kress holds a baccalaureate in finance from the University of Arizona and an MBA of the Southern Methodist University, according to a Bio nvidia. His education has positioned it well to assume key positions in large companies.
One of them was none other than the software mastodon MicrosoftWhere Kress worked for 13 years, including several years spent as a financial director of the server and tool division. Kress also worked at Cisco and Texas Instruments.
The role of Kress in Nvidia
Kress generally works Nvidia’s income Calls each quarter, and above all experienced stellar benefits to report the AI boom has seen the flea of the company in high demand.
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During NVIDIA’s February 2025 winning callFor example, the company reported 39.33 billion dollars in income, much superior to estimates. Kress said during the call that the request for Blackwell GPU of Nvidia “exceeded” expectations, although Kress also warned that the impact of Trump administration prices remained a “little unknown”.
During the calendar year 2024, Nvidia’s market capitalization (The value of all the actions in circulation) exceeded $ 2 billions of dollars, then 3 billions of dollars, an almost unknown ascent that landed Nvidia among the largest companies in the world in terms of value.
Only Apple generates more income than Nvidia, with Microsoft By dragging near, it is also a company of 3 billions of dollars and more.
Kress’s net value and remuneration
While the net value of Kress is unknown, we know Kress compensation was about $ 13.3 million in 2023. Based on the growing fortune of the company, it can be assumed that this figure has increased considerably since then.
In fact, data accessible to the public show that NVIDIA employees in general experienced a 17% increase in remuneration during fiscal 2024, a much greater salary increase than most business workers.