Nvidia announces $50 billion stock buyback
Publishing timestamp: 2024-08-28 18:37:13
Summary
Nvidia announces $50 billion stock buyback as part of its fiscal second-quarter earnings, surpassing Wall Street expectations. Despite strong financial results, Nvidia's shares dropped in extended trading, leading some experts to believe it is getting harder to impress investors. Apple's stock buyback also resulted in a rise in share price, even though overall sales fell. Other stocks to consider ahead of Nvidia earnings include Berkshire Hathaway, Ulta Beauty, and Morgan Stanley.
Sentiment: MIXED
Keywords: business news, technology, breaking news: technology, apple inc, nvidia corp,
Source: https://www.cnbc.com/2024/08/28/nvidia-announces-50-billion-stock-buyback.html