Nvidia reports financial results that beat expectations and raises its outlook for the coming quarter, signaling continued strength in demand tied to the AI boom. Multiple outlets report that the chipmaker forecasts quarterly revenue above analysts’ estimates. Channel NewsAsia says Nvidia expects “revenue of US$91 billion, plus or minus 2 per cent.” The Globe and Mail similarly reports that Nvidia’s revenue forecast is above expectations and that the company announces a new US$80 billion share buyback program.
The Financial Times adds that the company plans to return more than $80 billion to shareholders, framing the move as part of how Nvidia converts its earnings into shareholder payouts. Taken together, the coverage indicates that Nvidia’s reported revenue and its forecast are viewed by markets as a key read on the health of the broader AI semiconductor industry. All sources describe the buyback as a major corporate action that will reduce the share count and return capital to investors.
