Nvidia Predicts $91B Q3 Sales, Boosts Dividend and $80B Buyback; Broadcom Poised for AI Inference Growth
AVGO•Nvidia forecasts $91B in Q3 sales, raises quarterly payout to $0.25 and authorizes $80B repurchase program, sending shares down <1%; hyperscalers plan $725B AI spending. As AI demand shifts toward inference and agentic applications, Broadcom joins AMD and Micron as leading candidates to benefit from surging custom chip and memory.
1. Nvidia Q3 Sales Forecast
Nvidia forecasts third-quarter revenue of about $91 billion, exceeding the $87 billion consensus but trailing the $96 billion high end of projections. Investors reacted tepidly, with shares slipping under 1% despite continued data-center growth.
2. Enhanced Shareholder Rewards
The company increased its quarterly dividend to $0.25 from $0.01 and launched an $80 billion stock repurchase program, amplifying cash returns to shareholders.
3. Broadcom’s Inference Opportunity
As AI spending pivots from training toward inference and autonomous applications, Broadcom stands out alongside AMD and Micron to capture rising demand for specialized inference chips and memory solutions.
