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Thursday, Apr 11
Nvidia (NVDA -1.6%) announces: 1) It will return $1B to shareholders this fiscal year. $200M is...
Nvidia (NVDA -1.6%) announces: 1) It will return $1B to shareholders this fiscal year. $200M is expected to come from dividends, and the rest from buybacks ($100M this quarter). The chipmaker repurchased $100M worth of shares in the January quarter (last year's FQ4). 2) It expects Tegra sales to be flat this year, even as smartphone/tablet sales keep growing. The fact Qualcomm (QCOM) has been taking share while OEMs wait for the Tegra 4 app processor (volume shipments by end of July quarter) and 4i baseband/app processor (devices in Q1 '14) is undoubtedly a factor.