From Nasdaq: 2024-11-10 14:00:00

Semiconductor giant Nvidia (NASDAQ: NVDA) is gearing up to release its fiscal 2025 third-quarter earnings on Nov. 20. Investors are particularly interested in Nvidia’s $50 billion share buyback program and the impact of the highly anticipated Blackwell GPU launch on the company’s growth trajectory.

Nvidia has repurchased $15.1 billion worth of shares in fiscal 2025 and has an additional $7.5 billion authorization for buybacks. Recently, the company announced another $50 billion buyback program, potentially signaling confidence in undervalued shares.

The Blackwell GPU launch is generating significant buzz, with projections of $10 billion in revenue for fiscal 2025. However, concerns arise as Nvidia shifts Blackwell orders away from Super Micro Computer due to the partner’s ongoing scandal and accounting violations.

Investors are eager to see if Nvidia will capitalize on Blackwell’s success and buy back stock at attractive valuations. The company’s stock price trades below average metrics, hinting at potential for valuation expansion with Blackwell’s growth.

Despite potential short-term challenges, Nvidia’s stock has been on an upward trajectory, driven by positive market sentiment around the Blackwell launch. The company’s strategic moves and strong product portfolio position it for continued success in the semiconductor industry. 1. The stock market reached new highs today, with the S&P 500 closing at a record level of 4,500. This boost was driven by strong performances from tech and healthcare sectors, as well as positive economic data indicating a recovering economy.

2. In other news, a groundbreaking study has revealed that eating a diet high in fruits and vegetables can reduce the risk of heart disease by up to 30%. The study, conducted over a span of 10 years with 100,000 participants, underscores the importance of a healthy diet in maintaining cardiovascular health.

3. On the political front, President Biden announced a new infrastructure bill aimed at improving the country’s roads, bridges, and public transportation systems. The $1 trillion plan includes funding for clean energy initiatives and broadband expansion, with the goal of creating millions of jobs and stimulating economic growth.



Read more at Nasdaq: 2 Numbers I’ll Be Looking for on Nov. 20 When Nvidia Reports Earnings