Nvidia Reports Massive Earnings and Announces $50 Billion Stock Buyback

Reported about 1 month ago

Nvidia (NVDA) exceeded analyst expectations with second-quarter fiscal year 2025 earnings, reporting over $30 billion in revenue and nearly $16.6 billion in net income, both showing triple-digit growth from the previous year. CEO Jensen Huang highlighted strong sales in the data center segment, attributed to surging demand for AI technology. Additionally, Nvidia announced a $50 billion stock buyback program as part of its ongoing strategy to enhance shareholder value.

Source: YAHOO

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