Nvidia Announces $80 Billion Buyback as AI Cash Machine Powers Record Flow
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Nvidia Corporation announced an $80 billion share repurchase authorization, bolstered by strong cash flow from AI demand. This new buyback is in addition to the $39 billion remaining from its previous program. The company also increased its quarterly dividend to $0.25 per share. Nvidia reported $48.55 billion in free cash flow and $81.61 billion in revenue for the fiscal first quarter, with a projected second-quarter revenue of approximately $91 billion.
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