To The Moon

C3.ai, Inc. (NYSE: AI) saw its stock surge 5.25% on Monday, riding a wave of optimism in the artificial intelligence sector sparked by major industry developments. The rally comes as investors react...

The chip maker announced a $60 billion stock buyback this week - and sparked a debate about whether the move makes sense. Nvidia announced this week that it's growing its stock-buyback plan by a record $60 billion.That's drawing debate again on Wall Street over whether or not such a move makes sense for a $4 trillion company.The chip maker repurchased $24.3 billion of stock during the first half of the fiscal year. The $60 billion authorization follows the $50 billion plan Nvidia was approved for when it updated the program last year. And that was double the $25 billion program from the prior year."Nvidia generates a ton of cash," doesn't have large capital expenditures and has made strategic acquisitions that have helped it boost its free cash flow, Meeks told MarketWatch.Meeks pointed to Nvidia's recently launched, $3,500 Blackwell-powered robotics computer, called Jetson Thor, which makes it look like the company is "obviously positioning themselves to be a leader in what Jensen Hu