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Nvidia announces $50 billion stock buyback
Nvidia said Wednesday that its board of directors has approved a $50 billion stock buyback.
The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and guidance that surpassed Wall Street expectations.
Nvidia returned $15.4 billion to shareholders in share repurposes and cash dividends as part of the company’s first half of its fiscal 2025. The company said it had $7.5 billion remaining under its share...
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