NVIDIA forecasts $91 billion Q2 revenue as AI wave looms
NewsBytes | May 21, 2026 9:39 AM CST
NVIDIA unveils $80B buyback, 'Vera' chips
Alongside the earnings news, NVIDIA revealed an $80 billion stock buyback and outlined its next-generation "Vera" AI chips, aiming for roughly $20 billion in sales by the end of the current fiscal year.
Still, shares dipped 1.6% after-hours as investors worried about tough competition from cloud giants and custom chip makers.
To keep its lead in AI tech, NVIDIA is ramping up supply commitments to $119 billion and signing big cloud deals worth $30 billion.
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