Nvidia's $25 Billion Dividend Hike Signals Shift in Tech Sector

Nvidia's massive dividend hike to $0.25 per share from $0.01 per share marks a significant increase, making it one of the largest dividend payers in the US stock market.

This move comes at a time when the Morningstar US Dividend Growth Index is neck and neck with the broad US stock market, which is unusual in an up year.

Nvidia's preference for share buybacks over dividends has been noted by analysts, but the company's cash pile is massive, and its 70% revenue growth forecast suggests it's not entering a slow-growth phase.