Nvidia, one of the world’s largest companies in artificial intelligence and chip production, has approved an additional $60 billion share buyback program. The company’s second-quarter results were also in line with market expectations.
Nvidia reported Q2 revenue of $46.7 billion, slightly above the market estimate of $46.23 billion. Data center revenue, the company’s largest business, came in at $41.1 billion, compared to the market expectation of $41.29 billion.
*This is not investment advice.