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Nvidia Is Making a $57.5 Billion Mistake

TheMotleyFool

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Nvidia Is Making a $57.5 Billion MistakePhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png

Nvidia (NASDAQ: NVDA) recently announced one of the biggest buyback programs in corporate history, but it may not have the impact you think it will. As Travis Hoium shows in this video, buying back up to $57.5 billion in stock may not reduce shares outstanding very much at all and could be lighting capital on fire.

*Stock prices used were end-of-day prices of Aug. 30, 2024. The video was published on Sept. 3, 2024.

Source Fool.com

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