Nvidia shares surged after the chipmaker's better-than-anticipated earnings report, as its CEO said generative AI has hit a “tipping point.”
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Nvidia’s $50 Billion Share Buyback Is an Epically Bad Decision That Sends the Wrong Message to Wall Street and Investors
Although share repurchases are known for lifting earnings per share (EPS) and instilling confidence in investors, Nvidia’s decision to announce a hefty buyback program will struggle on both fronts. Source