NVDA outstanding shares are down ~1.2% year over year; the company has been buying back its own shares with —>> profits <<— to the tune of tens of billions.

Meanwhile NVDA stock is mildly up on this news, so the current owners of NVDA seem to like this investment. Or at least not hate it.

Agreed that we’ll see ad-enabled ChatGPT in about five minutes. What’s not clear is how easily we’ll be able to identify the ads.