Nvidia cash geyser can cover buybacks and vital R&D
Investors fretting that Nvidia’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 $US1 billion ($1.6 billion) left after spending $US3 billion on buybacks.
Bloomberg
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Technology
Fetching latest articles