The company is taking advantage of its richly valued stock before AI buzz fades away.
U.S. stock index futures indicated a mixed open on Tuesday after recent gains on expectations that the Federal Reserve will cut interest rates this year, as shares of Walt Disney slid following quarterly results. Walt Disney fell 5.1% in premarket trading, as a surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office.
Nvidia's dominant hold on the data center industry might be under threat as competition ramps up in the market for artificial intelligence (AI) chips.