Dec. 4 at 1:33 PM
Nvidia is putting its growing cash pile to work through major strategic investments. This week it announced a
$2B stake in Synopsys, adding to commitments including
$1B in Nokia,
$5B in Intel,
$10B in Anthropic, and a potential
$100B plan to buy OpenAI shares over time.
Fueled by soaring demand for AI chips, Nvidia’s cash and short-term investments reached
$60.6B at the end of October, up sharply from
$13.3B in early 2023. Analysts expect nearly
$97B in free cash flow this year and more than
$576B over the next three years.
While some investors call for larger buybacks, Nvidia has already authorized
$60B in repurchases and spent
$37B on buybacks and dividends this year. CEO Jensen Huang says the company will keep returning capital but prioritizes funding next-generation products and supporting suppliers.
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