Nvidia’s Earnings Beat Expectations with Stock Buyback Announcement

Nvidia surpassed market expectations for Q2 revenue, reporting $46.7 billion, exceeding forecasts of $46 billion. The company also announced a $60 billion stock buyback program. Despite this positive news, Nvidia offered a modest $54 billion revenue forecast for the third fiscal quarter, with a 2% variance, a figure lower than market expectations of $53.46 billion. This has sparked concerns about potential slowdowns in AI spending.