Nvidia Up on Share-Repurchase Program; Mining Stocks Slide | Stock Movers
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…
Nvidia (NVDA) shares rose after the company's board authorized an additional $150 billion under its existing share-repurchase program, bringing the total remaining amount authorized to $235 billion. Meanwhile, Australia's Northern Star Resources Ltd. rejected a $38.7 billion takeover offer from Gold Fields Ltd., deeming it undervalues the business.
Additionally, Roblox (RBLX) was downgraded to underperform by Jefferies, citing an overly optimistic view of bookings for the next 12 months following a 30% rally since the gaming company's second-quarter results in July.
Brief written by urgent.news from Bloomberg's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
