$NVDA - NVIDIA EXPANDS BUYBACK PROGRAM TO $235 BILLION
Nvidiaโs board authorized a $150 billion increase to its share repurchase program, bringing the total authorization to $235 billion.
The company expects to execute the expanded buyback program through fiscal 2028.
The massive authorization gives Nvidia substantial capacity to return capital to shareholders alongside its AI-driven growth.
Today was the 65th consecutive day with no rain at DFW. That streak applies to many of you. This is the 3rd longest dry streak on record. 2nd place is 67 days from 2022.
$NVDA - NVIDIA TO ACQUIRE HUGGING FACE IN $11.9BN DEAL
Nvidia has agreed to acquire Hugging Face in a deal valued at about $11.9 billion for shareholders.
Hugging Face will remain an open AI platform.
Nvidia also plans up to $1 billion in employee retention awards.
The deal is expected to close in H1 2027, subject to regulatory approval.
Raymond James today raised its price target on Nvidia $NVDA up to $515 from $352 while maintaining its Strong Buy rating
Evercore raised its price target on Nvidia up to $465 from $413 while maintaining its Outperform
Bernstein raised its price target on Nvidia up to $400 from $315 while maintaining its Outperform
JPMorgan raised its price target on Nvidia up to $320 from $280 while maintaining its Overweight
Mizuho raised its price target on Nvidia up to $315 from $300 while maintaining its Outperform
Citi raised its price target on Nvidia up to $315 from $300 while maintaining its Buy
Needham raised its price target on Nvidia up to $300 from $270 while maintaining its Buy
UBS raised its price target on Nvidia up to $300 from $280 while maintaining its Buy
Morgan Stanley raised its price target on Nvidia up to $300 from $288 while maintaining its Overweight
Goldman Sachs raised its price target on Nvidia up to $300 from $285 while maintaining its Buy
Absolutely insane.
Nvidia, $NVDA, just guided $108 BILLION in revenue for Q3 alone.
And, this guidance assumes ZERO data center compute revenue from China.
This builds on the record $96.2 billion in revenue posted for last quarter for a projected total of $204.2 billion in 6 months.
We now have a $5+ trillion company is seeing +106% year-over-year revenue growth.
There has never been anything like what we are seeing right now with AI.
This is arguably the biggest technological revolution of all time.
$NVDA - BOFA: NVIDIA COULD BE UP TO 50% UNDERVALUED
Bank of America says Nvidia may trade at a 34%-50% discount, as investors could be overstating AI-related risks.
BofA sees Nvidiaโs aggressive AI investments as a long-term opportunity, despite potential balance-sheet risks if demand slows.
The bank maintains a Buy rating and $350 price target, implying significant upside from Nvidiaโs current price around $219.
BREAKING: SpaceX, $SPCX, announces a new partnership with Nvidia, $NVDA, to design its Starmind AI-1 payload, bringing data center-class compute into orbit.
The partnership will use Nvidiaโs Rubin GPUs and Vera CPUs, while increasing SpaceXโs peak satellite computing capacity to 250 kW.
Today, weโre launching Alpamayo 2 Super, our frontier open reasoning model for autonomous vehicles.
Beyond seeing, Alpamayo understands and reasons through the complex world - thinks before it acts.
Itโs a powerful backbone for robotaxis, trucks, shuttles, delivery vans, tractors and the long tail of mobile robotsโbillions of autonomous machines someday.
Weโre releasing it for commercial use under OpenMDW-1.1 so teams can inspect it, fine-tune it and deploy itโopen models advance safety and security.
The next wave of AI is roboticsโand it starts with autonomous vehicles.
Great work, Alpamayo team!
https://t.co/2PYCCXWjZh
BREAKING: The S&P 500 officially hits a new record high, now worth $69.7 trillion.
This continues to be the best economy in history for asset owners.
All-time highs are officially back.
$AAPL delivered an earnings beat, thanks to strong iPhone sales.
CEO Tim Cook said it was the company's strongest June quarter ever. https://t.co/cKxSAQRP2C
BREAKING: Nvidia is in talks with OpenAI to guarantee $250 billion in financing for a data center in Ohio.
Details include:
1. The guarantees from Nvidia would help OpenAI lease a 10GW project that SoftBank is developing in Ohio
2. In total, the project could cost more than $500 billion, the largest data center project ever announced
3. The power for the project is controlled by the US government and funded separately by Japan under a recent trade deal
4. Commerce Secretary Lutnick is reportedly involved in deciding who will get the power
The data center buildout just hit a whole new level.
Breaking: LeBron James is signing with the Philadelphia 76ers on a two-year, $8 million deal with a player option, his agent Rich Paul told @ShamsCharania.