Nvidia Spends US$25 Billion to Secure Its Future in AI

Jensen Huang, CEO of Nvidia (NVDA.O), stated that he believes the AI boom will extend far into next year.

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On Wednesday, the business's sales estimate blasted beyond Wall Street's forecasts.

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The company announced that it will buy back another US$25 billion of its shares.

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However, Nvidia's stock price has more than quadrupled this year and was expected to reach an all-time high following Wednesday's news.

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Nvidia announced plans to scale up hardware manufacturing into next year, putting to rest some analysts' concerns about how long the AI mania will persist.

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Nvidia Spends US$25 Billion to Secure Its Future in AI

Jensen Huang, CEO of Nvidia (NVDA.O), stated that he believes the AI boom will extend far into next year.

On Wednesday, the business's sales estimate blasted beyond Wall Street's forecasts.

The company announced that it will buy back another US$25 billion of its shares.

However, Nvidia's stock price has more than quadrupled this year and was expected to reach an all-time high following Wednesday's news.

Nvidia announced plans to scale up hardware manufacturing into next year, putting to rest some analysts' concerns about how long the AI mania will persist.

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