Casey Morgan - Gladspace

Author: Casey Morgan

Nvidia Bets $235 Billion on Itself as AI Boom Reshapes Corporate Finance

Nvidia announced a $150 billion share buyback plan, bringing its total buyback authorization to $235 billion, the largest in company history. The news sent shares up 1.7%, with experts saying the move signals Nvidia believes its stock is undervalued. The announcement followed a strong earnings report showing second-quarter revenue of $96.2 billion, a 106% year-over-year increase.