Nvidia forecasts revenue above estimates, announces $80-billion share buyback program
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- Nvidia projected Q2 revenue of $91 billion (±2 %)—about $4 billion above analysts’ $86.84 billion estimate.
- Nvidia announced an $80 billion share‑repurchase program, the largest buyback in its history.
- Nvidia raised its quarterly cash dividend to $0.25 per share from $0.01.
- Nvidia posted Q1 revenue of $81.62 billion, beating the $78.86 billion consensus, with data‑centre sales of $75.2 billion versus $72.8 billion expected.
- Nvidia disclosed $30 billion of cloud‑computing agreements, up from $27 billion a quarter earlier.
Why it matters: Investors gain from Nvidia’s $80 billion buyback and higher dividend, while rivals risk losing market share as Nvidia’s $30 billion cloud contracts expand its AI ecosystem and lock in longer‑term revenue streams.
