Nvidia beats estimates and sets 80 billion buyback
Nvidia shares rose after the company forecast second-quarter revenue of 91 billion dollars and announced a major share repurchase program. The chipmaker reported first-quarter revenue of 81.62 billion dollars as demand for AI infrastructure continues to drive growth across global data centers.
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NVIDIA CORP forecast second-quarter revenue of $91 billion and authorized an $80 billion share buyback on Wednesday. The outlook exceeds LSEG estimates of $86.84 billion as spending on AI infrastructure accelerates. Investors view these results as a barometer for the durability of the global AI buildout through 2028.
