Analysis-Nvidia’s $25 billion buyback ‘a head-scratcher’ for some shareholders

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Reuters UK

By Lewis Krauskopf, Chibuike Oguh and Lance Tupper NEW YORK (Reuters) – Nvidia’s move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report. Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little c…

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