Nvidia CFO and Sales Chief Become Billionaires Amid AI Boom

Nvidia's CFO Colette Kress and sales chief Jay Puri have become billionaires as the chipmaker's relentless growth brings its total number of billionaires to six. Their fortunes are tied to Nvidia stock, which hit a new high and became the world's first $4 trillion company earlier this month. Kress and Puri join CEO Jensen Huang, directors Mark Stevens, Tench Coxe, and Harvey Jones as Nvidia billionaires.

NVIDIA Corp. (NASDAQ: NVDA) has seen a significant surge in its stock price, with shares hitting new highs and the company becoming the world's first $4 trillion company earlier this month. This remarkable milestone has propelled several executives, including CFO Colette Kress and sales chief Jay Puri, into the billionaire ranks. Their fortunes are closely tied to the performance of NVIDIA stock, which has shown remarkable growth over the past few years.

Colette Kress and Jay Puri join CEO Jensen Huang, directors Mark Stevens, Tench Coxe, and Harvey Jones as NVIDIA's billionaires. Their newfound wealth reflects the company's relentless growth and its pivotal role in the AI revolution. NVIDIA's stock has been a standout performer, with shares gaining over 1,579% over the past five years and a preposterous 445,400% since going public [1].

The company's strong financials have been a significant driver of this growth. In Q1 2025, NVIDIA reported revenue of $44.1 billion, up 12% from the previous quarter and up 69% year-over-year. The data center business segment, a key revenue driver, saw revenue of $39.1 billion, up 10% from the previous quarter and up 73% year-over-year [1].

NVIDIA's dominance in the GPU industry and its strong demand from leading tech companies are key factors contributing to its stock performance. The company's primary clients, the Magnificent Seven, account for 40% of its revenue. This includes Alphabet Inc. (NASDAQ: GOOGL), Amazon.com Inc. (NASDAQ: AMZN), Meta Platforms Inc. (NASDAQ: META), and Microsoft Corp. (NASDAQ: MSFT) [1].

Looking ahead, the AI market is expected to grow at an astounding compound annual growth rate (CAGR) of 36.6% from 2024 to 2030, further bolstering NVIDIA's prospects. Analysts expect NVIDIA's stock to continue its upward trajectory, with a median one-year price target of $184.91, representing a 3.76% potential upside [1].

References:
[1] https://247wallst.com/forecasts/2025/07/29/nvidia-nvda-price-prediction-and-forecast/