Under the AI craze, the mighty Nvidia

With a year-to-date gain of more than 200%, Nvidia is the best performing S&P 500 stock and the best performing of the S&P's seven giants (the other six are Apple, Tesla, Microsoft, Alphabet, Amazon, and Meta). Those seven companies accounted for two-thirds of the S&P 500's rise in July.

Nvidia is already one of the great engines of the capital markets! Investors are generally extremely bullish on Nvidia's AI-related prospects, and investors are using the performance of Nvidia's stock as a bellwether. U.S. investors are focused on two core questions: "Can tech large-cap stocks continue to lead the market?" Is the concept of artificial intelligence real?" Nvidia is at the heart of both problems.

Nvidia, the No.1 U.S. stock turnover on August 24, closed up 3.17%, trading $27.963 billion. It has surpassed Tesla for the first time in US stock turnover for many days!

Nvidia reported a strong fiscal second quarter on August 23, with revenue and earnings per share well ahead of expectations. Nvidia is also using its strong position to step up share buybacks, announcing that its board has approved an additional $25 billion share buyback program.

Nvidia's second-quarter earnings report was strong and beat market expectations. Its revenue and earnings per share have both achieved significant growth, which shows that the company has maintained a strong position in the market competition. In addition, Nvidia announced an additional share repurchase program, which further demonstrates the company's focus on shareholder value.

The strong performance of this earnings report may be due to a combination of factors. First, Nvidia's business is doing well in artificial intelligence and data centers, which are currently hot areas in the tech industry. The demand for its products and solutions in these areas continues to grow, providing the company with a stable source of revenue.

For Nvidia, the share buyback program is an effective capital management tool. By repurchasing shares, companies can increase earnings per share, increase shareholder value, and demonstrate confidence in the company's future. In addition, buyback programs can also reduce the amount of shares in circulation, which has a positive impact on stock prices.

Nvidia's strong second-quarter earnings beat expectations was impressive. The company's business growth in key areas and the implementation of the share buyback program have laid a solid foundation for its future development. We look forward to Nvidia's continued success in the technology industry."