Benzinga
  • 4 months ago
Nvidia announced a $50 billion stock buyback as part of its fiscal second-quarter earnings, where it reported impressive financial results that exceeded Wall Street expectations. The company returned over $15 billion to shareholders in the first half of its fiscal year and has more than $7 billion remaining under its current repurchase plan. Nvidia's stock dropped 4% in extended trading despite the strong earnings report. Some experts suggest that Nvidia's consistent success may make it challenging to impress investors.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02NVIDIA announced a $50 billion stock buyback as part of its fiscal second quarter earnings
00:07where it reported impressive financial results that exceeded Wall Street expectations.
00:12The company returned over $15 billion to shareholders in the first half of its fiscal year and has
00:17more than $7 billion remaining under its current repurchase plan.
00:21NVIDIA stock dropped 4% in extended trading despite the strong earnings report.
00:25Some experts suggest that NVIDIA's consistent success may make it challenging to impress
00:30investors.
00:31For all things money, visit Benzinga.com.

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