Nvidia's $25 BN buyback rattles investors
Edited By WION Video Desk
Published: Aug 27, 2023, 06:05 IST | Updated: Aug 27, 2023, 06:05 IST
Even as analysts applauded Nvidia's excellent second-quarter report, some investors were taken aback by the company's decision to buy back $25 billion of its shares after the stock had more than quadrupled this year. Nvidia's stock buyback has been ranked as the year's fifth-largest repurchase announcement among US-based corporations. Nvidia's share price has increased by over 220% in 2023, prompting investors to wonder why.
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