Mirabaud Cuts NVIDIA Stake as Board Authorizes $80B Buyback
Mirabaud & Cie SA cut its NVIDIA stake by 11.8% to about $39.3M, while other investors reported small share increases. NVIDIA topped EPS expectations with $1.87 versus $1.76. The board authorized an $80B share repurchase plan allowing buybacks up to 1.5% through open-market purchases. Several directors also reported stock sales.