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Nvidia's move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report. ...
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NEW YORK, Aug 25 (Reuters) - Nvidia's ( NVDA.O ) shares have more than tripled this year after its $25 billion share buyback has impressed some investors.
Nvidia's move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report. Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed.
Chip designer Arm signed up 28 banks for its blockbuster initial public offering without giving them a fee arrangement, a reflection of owner SoftBank Group's leverage over underwriters clamoring for...
By Echo Wang and Anirban Sen NEW YORK (Reuters) - Chip designer Arm signed up 28 banks for its blockbuster initial public offering without giving them...