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Nvidia CFO Is Retiring

Alexei Oreskovic

SAN FRANCISCO -- Nvidia(NVDA - Cramer's Take - Stockpickr) said Thursday that its finance chief is retiring.

Chief Financial Officer Marvin Burkett announced his intentions to retire on Friday, according to a regulatory filing by the Santa Clara, Calif.-based chipmaker. Nvidia said Burkett is expected to remain in his post while the company searches for a replacement, and may continue in some capacity with the company thereafter.

Burkett is a chip industry veteran, who served a 26-year stint at microprocessor maker Advanced Micro Devices(AMD - Cramer's Take - Stockpickr), including a role as CFO.

He has served as Nvidia's finance chief since 2002, presiding over a period of robust growth for the maker of graphics chips. During his 6-year tenure, Nvidia's revenue has grown from $1.9 billion in his first full year on the job to $4.1 billion in the most recently ended fiscal year; net income has increased from $90.8 million to $747.6 million.

Shares of Nvidia were off a penny at $19.66 in midday trading Thursday.

Know What You Own: NVDA operates in the semiconductor industry, and some of the other stocks in its field include Advanced Micro Devices(AMD - Cramer's Take - Stockpickr), Intel(INTC - Cramer's Take - Stockpickr), Texas Instruments(TXN - Cramer's Take - Stockpickr), Qualcomm(QCOM - Cramer's Take - Stockpickr) and STMicroelectronics(STM - Cramer's Take - Stockpickr). These stocks were recently trading at ($6.27, +0.80%), ($21.43, -1.97%), ($28.96, +0.03%), ($40.40, -0.22%) and ($10.51, -0.94%) respectively. For more on the value of knowing what you own, visit TheStreet.com's Investing A-to-Z section.