Nvidia Boosts Share Buyback Program by $150 Billion
Nvidia increased the size of its share buyback plan by $150 billion, taking the total remaining authorized amount to $235 billion. Ryan Vlastelica has more on "Bloomberg Open Interest."
Nvidia increased the size of its share buyback plan by $150 billion, taking the total remaining authorized amount to $235 billion. Ryan Vlastelica has more on "Bloomberg Open Interest."
A stalemate between the US and Iran boosted oil prices, dragging down stocks and bonds on concerns that elevated energy costs could fuel inflation and trigger further Federal Reserve rate hikes. Drew Matus, Chief Market Strategist at Metlife Investment Management, discusses his market outlook.
On this episode of Stock Movers: - Nvidia (NVDA) shares are up after the board of the leader in AI chips authorized an additional $150 billion under the company's existing share-repurchase program. The move increases the total remaining amount authorized to $235 billion. - Australia's Northern Star Resources Ltd. rejected a takeover approach from South African rival Gold Fields Ltd. that could have created the second-largest gold miner, saying the A$38.7 billion ($27.1 billion) cash-and-shares offer undervalued its business. - Roblox (RBLX) was cut to underperform from hold at Jefferies, which said the stock's 30% rally since the gaming company's second-quarter results in July reflects an overly optimistic view of bookings for the next 12 months.
Grafa is streaming live from Marina Bay Sands on 7 and 8 October. Watch right here as we sit down with the founders, investors and builders shaping where crypto goes next.
Akamai Technologies co-founder and CEO Tom Leighton discusses the company's seven-year, $12 billion AI computing supply agreement with Anthropic and its broader AI strategy with Dani Burger on "Bloomberg Open Interest."
Elon Musk's SpaceX launched its massive Starship rocket Monday morning on its first orbital flight test. This rocket is carrying 26 satellites that are to be deployed into orbit. This is the launch from the Starbase facility in South Texas.
UK Chancellor of the Exchequer John Healey speaks about the artificial intelligence boom and its impact on the economy, calling the technology "the greatest innovation of our time." Addressing the Labour Party conference in Liverpool, Healey adds: "We will make sure that Britain wins in this AI revolution."
Aneeka Gupta, WisdomTree Director of Macroeconomic Research, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss expectations for higher and prolonged uncertainty reflected in the bond market.
"The prime minister and I are united in meeting the fiscal rules," UK Chancellor of the Exchequer John Healey says in his address to the Labour Party conference in Liverpool. He adds that fiscal discipline will be at the center of the budget he will deliver in late October, which marks a high-stakes moment for both Healey and Prime Minister Andy Burnham.
Bob Michele, global head of fixed income at JPMorgan Asset Management, expects the bond market to settle down after this week's US economic data and says, "if we see some stabilization here, we have our next buy level, we've got plenty of buying left to do." He speaks on "Bloomberg Surveillance."
Nvidia is rolling out two open-source software security tools designed to control what AI agents can access in real time and shut them down when they break the rules. The company says this would've prevented the recent high-profile breach of Hugging Face by OpenAI's artificial intelligence models. Neil Campling reports on Bloomberg Television.
Further European Union emergency support for the bloc's agriculture sector depends on how market conditions develop, after extreme heat over the summer, according to the Ireland's Agriculture Minister Martin Heydon. "It does depend on a number of factors," Heydon said in an interview with Bloomberg Television, when asked whether the EU would need to go further than measures already announced. "Europe I think stands ready to support our agriculture sector" He added.
Got a second for a cookie? 🍪Essential cookies keep Grafa running smoothly. A few optional ones help us see what's working so we can make it better. You're in control — change your mind any time. Cookie policy · Privacy policy