NVIDIA’s $25 Billion Share Repurchase Plan – Buyback Wednesdays

Key Insights:

• Trading close to its all-time high, NVIDIA’s astounding 241% increase in share price this year has propelled the company into the exclusive trillion-dollar market cap club.
• NVIDIA with its high-performance processors is a big beneficiary of the renewed enthusiasm for AI.
• The “Data Center” subsegment is the major driver of the company’s growth and contributes 70% of the company’s revenue. Q2 2023 revenue in this segment was up 171% year-over-year and more surprisingly up 141% compared to last quarter.

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