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NVIDIA Beats Earnings Expectations, Announces $80 Billion Share Repurchase Plan

Guavy AI Editorial Team
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NVDA
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NVIDIA (NASDAQ:NVDA) released its quarterly earnings report on Wednesday, exceeding analysts' expectations by $0.30 in EPS.

The company reported a net margin of 62.97% and a return on equity of 96.94%, with shares trading at $209.69 after dropping $3.35 during mid-day trading.

NVIDIA also announced that its Board of Directors has initiated a share repurchase plan, authorizing the company to buy back up to 1.5% of its outstanding shares worth $80 billion.

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