Nvidia's $50 Billion Share Buyback Is an Epically Bad Decision That Sends the Wrong Message to Wall Street and Investors
Since the advent of the internet in the mid-1990s, investors have patiently waited for the next big innovation to come along that could meaningfully alter the growth trajectory for corporate America. The arrival of artificial intelligence (AI) may be the answer.
Last year, analysts at PwC released a report ("Sizing the Prize") that estimated the combined consumption-side benefits and productivity gains from AI would add $15.7 trillion to the worldwide economy by 2030. If this forecast is anywhere close to reality, it suggests that a multitude of companies could become big-time winners from the AI revolution.
Thus far, no company has been a bigger beneficiary of the rise of AI than Nvidia (NASDAQ: NVDA) -- but this doesn't mean Wall Street's AI darling has made all the right moves.
Source Fool.com
