Nvidia cash geyser can cover buybacks and vital R&D
newscatcher
2023-09-16 00:39
Nvidia cash geyser can cover buybacks and vital R&D
Investors fretting that Nvidia Corp's massive stock buyback allocation would leave it short of funds for vital research and development should take heart from the chipmaker's swelling free cash flow. Nvidia is generating so much cash from the artificial intelligence boom that it has more than enough to invest in new chips and return money to shareholders. Free cash flow and spending on research and development both hit records in Nvidia's fiscal second quarter and the company still had about US$1 billion left after spending $3 billion on buybacks.

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