Nvidia declares $50 billion stock repurchase plan.
- Nvidia announced on Wednesday that its board of directors has approved a $50 billion stock buyback.
- The company declared a share repurchase during its fiscal second quarter earnings, which exceeded Wall Street expectations in terms of earnings and guidance.
Its board of directors has approved a $50 billion stock buyback, said the company on Wednesday.
The company declared a share repurchase during its fiscal second quarter earnings, which exceeded Wall Street expectations in terms of earnings and guidance.
Nvidia repaid $15.4 billion to its shareholders through share buybacks and cash dividends during the first half of its fiscal year 2025. The company had $7.5 billion left under its share repurchase plan at the end of its fiscal second quarter.
Nvidia reported a 122% increase in second quarter sales to $30.04 billion and a 168% increase in net income to $16.6 billion, the company announced.
The company announced that it expects to achieve approximately $32.5 billion in sales during the third quarter, surpassing analyst predictions of $31.7 billion.
–CNBC's Kif Leswing contributed reporting
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