That what they wan u to think is not enough so u dumb will sell n they will buy at cheaper price
Nvidia made one of the biggest buyback announcements ever. It may not be enough.
The raise shows confidence in the business, but some analysts want to see it go higher. Nvidia, led by CEO Jensen Huang, upped its share repurchase commitment on Wednesday.Nvidia's swelling cash flows had some investors anticipating an update on capital returns leading into its earnings report on Wednesday. While the company delivered on those hopes, some are feeling it wasn't enough.UBS analyst Timothy Arcuri said before the report that he could see Nvidia upping its share-repurchase commitment to $150 billion over the next 12 months. Wednesday's report didn't quite meet that mark. Still, he noted that Nvidia raised its dividend, which he had previously said investors were also pushing for.Given Nvidia's commentary that it plans to return about 50% of free cash flow to investors this year, Arcuri is modeling for that to be around $210 billion, meaning the company will have to repurchase about $69 billion in shares over the next three fiscal quarters, he said in a Thursday note. He exp
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
1
Report
Login to post
No comments yet