{"id":849647,"date":"2024-08-29T11:19:38","date_gmt":"2024-08-29T05:49:38","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=849647"},"modified":"2024-08-29T11:19:38","modified_gmt":"2024-08-29T05:49:38","slug":"nvidia-approves-buyback-of-shares-worth-50-billion-stock-drops-2-despite-strong-results","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/29\/nvidia-approves-buyback-of-shares-worth-50-billion-stock-drops-2-despite-strong-results\/","title":{"rendered":"Nvidia approves buyback of shares worth $50 billion; stock drops 2% despite strong results"},"content":{"rendered":"<p>Nvidia&#8217;s board of directors approved a $50 billion buyback of its shares while announcing its second-quarter earnings on Wednesday. The US chipmaker exceeded Wall Street estimates by a slight margin and registered a net income of $16.6 billion and a 122% rise in revenue to $30 billion.<\/p>\n<p>Despite an impressive quarterly result, the company stock fell by 2% in the mark. Nvidia&#8217;s after-hours share price fell as low as 6.89%, indicating investors&#8217; disappointment with the company&#8217;s results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia&#8217;s board of directors approved a $50 billion buyback of its shares while announcing its second-quarter earnings on Wednesday. The US chipmaker exceeded Wall Street estimates by a slight margin and registered a net income of $16.6 billion and a 122% rise in revenue to $30 billion. Despite an impressive quarterly result, the company stock fell by 2% in the mark. Nvidia&#8217;s after-hours share price fell as low as 6.89%, indicating investors&#8217; disappointment with the company&#8217;s results.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-849647","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/849647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=849647"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/849647\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=849647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=849647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=849647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}