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Nvidia forecast tops Wall Street expectations, $25 billion share buyback planned

(Reuters) -Nvidia far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in stock, sending its shares soaring after hours. Nvidia's forecast beat expectations by billions of dollars, demonstrating that a boom in generative AI technologies that can read and write in human-like ways - and powered almost exclusively by Nvidia's chips - shows no signs of slowing down. N...
United States San Francisco Maju Samuel Stephen Nellis Maxa Cherney Matthew Lewis
Source: aol.com

Amazon's Former Logistics Guru Aims to Repeat Growth at Flexport

By Lisa Baertlein LONG BEACH, Calif., Feb 28 (Reuters) – The former Amazon.com Inc executive who oversaw the e-commerce company’s transportation network buildout for its sellers, now aims to do the same for rival shipping customers as chief executive of logistics startup Flexport. “I wanted to … do it again for everyone else,” said Dave Clark, the former Amazon executive who will become Flexport CEO on March 1 after spending six months as co-CEO. Getting big is...
United States Long Beach Lisa Baertlein David Gregorio Matthew Lewis Dave Clark

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