Nvidia on Wednesday said it would return an additional $80bn in buybacks and boost its dividend as the semiconductor giant at the heart of the AI boom moved to hand some of its massive cash pile back to shareholders.
The world’s most valuable company forecast $91bn in sales for the current quarter, well above average Wall Street expectations of $86bn compiled by Visible Alpha but short of the most bullish forecasts.
It reported revenue grew 85 per cent from the year before to $81.6bn in the quarter to the end of April. The stock was flat in after-hours trading on Wednesday.
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