NVIDIA shares rise on $91B forecast $80B buyback $0.25 dividend
NVIDIA's shares got a nice boost in premarket trading after CEO Jensen Huang said the company expects $91 billion in revenue, way above what Wall Street was hoping for.
NVIDIA also rolled out an $80 billion share buyback plan and bumped its dividend up to $0.25 per share, showing they're feeling confident about the future.
NVIDIA predicts $1T Blackwell Rubin sales
Huang is betting big on AI, predicting NVIDIA's Blackwell and Rubin AI chip sales will top $1 trillion over 2025-2027.
He pointed out that tech giants like Alphabet and Microsoft are set to pour more than $700 billion into AI this year alone.
To stay ahead of rivals like AMD and Intel (and Big Tech building their own chips), NVIDIA new Vera processors, targeting a huge market with hopes for $20 billion in revenue from Vera chip sales by the end of this fiscal year, even if supply gets tight.