Nvidia’s record-breaking stock buyback
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Apple used to be the leader in buying back shares. Now, Nvidia has broken the tech companyβs record, announcing Monday that it would add $150 billion to its stock buyback program, on top of $80 billion pledged a few months ago. The chipmakerβs profits have continued to surge, as tech companies pour money into data centers and AI infrastructure. Is this a smart way for Nvidia to spend its money? More on Nvidia today, plus how a volunteer firefighter shortage is affecting a rural Wyoming county, why spending is predicted to soar this holiday season despite the energy crisis, and what economists are watching for in the jobs numbers coming out this week.
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Read the stories in todayβs episode:
- It’s a big week for economic data. Here’s what labor economists will be looking for.
- Nvidia’s record stock buyback funded by cash from the data center boom
- Thereβs a national volunteer firefighter shortage. Itβs on display in Wyoming
- Early retirement isn’t always a choice
- Adobe forecasts record U.S. spending online this holiday season
- The mall isn’t dead, yet
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