Chandryaan-3 mission took its first flight on July 14, 2023, and its Vikram lander touched down on the lunar surface on August 23, marking one of the biggest achievements in history for the Indian Space Research Organization (ISRO). India became the fourth country to successfully land on the Moon while also becoming the first nation to do so on the lunar South Pole. The Vikram lander stayed and conducted studies on the Moon's south pole for 14 lunar days, before being put to sleep. Now, the lander is in sleep mode as the lunar night commences. Know when the lander will be activated by ISRO.
Nvidia Cash Geyser Can Cover Buybacks and Vital R&D
17.09.2023 - 01:27 / tech.hindustantimes.com / Can
Investors fretting that Nvidia Corp.'s massive stock buyback allocation would leave it short of funds for vital research and development should take heart from the chipmaker's swelling free cash flow.
Nvidia is generating so much cash from the artificial intelligence boom that it has more than enough to invest in new chips and return money to shareholders. Free cash flow and spending on research and development both hit records in Nvidia's fiscal second quarter and the company still had about $1 billion left after spending $3 billion on buybacks.
When technology companies start setting aside increasing amounts for share repurchases and dividends, some investors take it as a sign management sees fewer opportunities worth investing in and that growth is poised to slow. When Nvidia said last month it was earmarking $25 billion for stock repurchases, some expressed that worry. That sum — which Nvidia isn't obligated to deploy — represents more than five times the profit Nvidia generated in its last fiscal year.
For others, that was missing the point. The company's leadership in components that underpin the infrastructure being put in place for artificial intelligence systems is set to generate so much free cash that it can still afford to invest to keep its technological lead and reward shareholders.
“It was kind of like their attempt to show the market something else: We want to show how financially strong we are, we're going to flex a bit,” said Chris Mack, an analyst and fund manager at Harding Loevner, which owns Nvidia shares as part of the $55 billion assets it has under management. “They're generating a ton of cash and will continue to do that.”
Another concern is that Nvidia could be buying at overinflated prices after its stock tripled this year, making it the first chipmaker to boast a trillion-dollar market value. The company's nose-bleed valuation has become a subject of debate on Wall Street with some like Research Affiliates founder Rob Arnott arguing that at 35 times trailing sales, Nvidia is “priced beyond perfection.”
Nvidia is projected to generate about $38 billion in free cash flow in fiscal 2025, which ends on Jan. 31, 2025, according to the average of analyst estimates compiled by Bloomberg. That compares to about $23 billion in the current fiscal year.
Ultimately, it's Nvidia's ability to spend as much as — or more — than would-be rivals such as Advanced Micro Devices Inc. and Intel Corp. that'll help produce products that are ahead and keep the orders rolling in.
AMD, which is racing to catch up with Nvidia in the market for artificial intelligence accelerators, spent about 25% less than Nvidia in the second quarter and had less than 5% of Nvidia's free cash flow.
Intel, which unlike the
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pcgamer.com
18.09.2023 / 01:23
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screenrant.com
17.09.2023 / 15:47
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pcgamer.com
17.09.2023 / 08:25
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pcgamesn.com
16.09.2023 / 16:01
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gamesradar.com
16.09.2023 / 15:55
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thegamer.com
16.09.2023 / 12:17
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gamesradar.com
14.09.2023 / 22:45
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gamesradar.com
14.09.2023 / 16:37
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techradar.com
14.09.2023 / 15:57
Song of Nunu: A League of Legends Story receives a release date, and you can now pre-order
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pcgamer.com
13.09.2023 / 16:43
Garry of Garry's mod says 'Unity can get f*cked' and in-passing mentions Rust 2
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