Shares of Nvidia rose as much as 6.7% on Thursday (Aug 24), hitting an all-time high, after the company unveiled a US$25 billion stock buyback plan and record quarterly revenue powered by strong demand for its artificial intelligence (AI)-focused chips. Nvidia closed up 0.1% at US$471.63 the day after the company beat analyst expectations when it reported second-quarter revenue of US$13.51 billion after the bell, and predicted revenue would reach US$16 billion in the third quarter. During the session, Nvidia rose as high as US$502.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-08-25-story-h-241841163-Nvidia_s_US_25_bil_buyback_plan_results_lift_stock_to_record_high

#i3investor