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Al Jazeera – Breaking News, World News and Video from Al Jazeera | Nvidia posts record profit and revenue amid AI chip boom

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Nvidia reported a record quarterly profit of $58.3 billion and revenue of $81.6 billion, driven by a 92 % year‑on‑year surge in its data‑centre business as demand for its AI chips exploded. The company announced an $80 billion share‑buyback programme and lifted its quarterly dividend from $0.01 to $0.25 per share, signalling abundant cash despite the rapid growth. CEO Jensen Huang praised the “extraordinary” results as proof that agentic AI is now productive, but the market’s reaction was muted, with shares slipping about 1.3 % after hours. Analysts noted that investor expectations have caught up with fundamentals, questioning whether the hype around AI may be creating a bubble, yet most still view Nvidia’s outlook as strong, pointing to the dividend hike and buy‑back as signs of a maturing hyper‑growth story.

#Nvidia #JensenHuang #SeaportResearch #JayGoldberg #economy #WilliamRhind #JohnBelton

Nvidia posts record profit of $58.3bn amid AI chip boom

Chip giant announces $80bn stock buyback scheme and dividend hike in boon to shareholders.

Al Jazeera

The Bad Place May 20

US Top News and Analysis | Fading the tech boom, hedge funds just dumped stocks in record numbers

AI generated summary, Read the full article for complete information.

Hedge funds dumped a record $4.6 billion in single stocks last week, with $3.01 billion of that in technology equities and ETFs, a surge that helped drive the PHLX Semiconductor Index down 4 % on Friday and the SOX off another 2.5 % on Monday. The aggressive selling came before Nvidia’s highly anticipated earnings report, where analysts expect profits to more than double and revenue to jump roughly 80 % year‑over‑year. While some see the tech and chip pullback as a potential buying opportunity, others think hedge funds may be positioning for a longer‑term weakness, especially as questions remain about whether the massive AI‑related capital expenditures will generate sustainable returns.

#Nvidia #LSEG #JohnBelton #GabelliFunds #PHLX