Nvidia Rises 1.5% After $150 Billion Buyback Boost as Chip Stocks Slide
Updated
Updated · CNBC · Sep 28
Nvidia Rises 1.5% After $150 Billion Buyback Boost as Chip Stocks Slide
1 articles · Updated · CNBC · Sep 28
Summary
Nvidia gained 1.5% in premarket trading after unveiling new AI safety software and expanding its stock buyback program by $150 billion.
The move stood out against a broader semiconductor selloff, with the iShares Semiconductor ETF down almost 2% and Marvell Technology and Advanced Micro Devices each off about 2%.
That divergence came as tech stocks opened the week weaker, while investors rotated elsewhere in the market.
Oil above $96 a barrel lifted energy shares such as Occidental and ConocoPhillips by 2%, while higher fuel-cost concerns pushed United and American Airlines down more than 2%.
How will Nvidia's unprecedented $150 billion buyback reshape the AI landscape as competitors struggle with stretching valuations and rising infrastructure costs?
With Treasury yields hitting historic highs, is the massive AI stock sell-off a temporary blip or the start of a deep market correction?
As crude oil surges past $96, will skyrocketing energy costs derail the gigawatt-scale AI infrastructure boom before it truly begins?