Nvidia CEO Jensen Huang attends the US-Saudi Investment Forum on November 19, 2025 in Washington, DC, USA.
Evelyn HochsteinReuter
A phrase many of us will have heard in 2025 is: “Will you buy it? Will you do it? In this economy?”
But this problem doesn’t seem to extend to Nvidia, the world’s most valuable company, which has a problem most of us would like to see: too much cash.
At the end of October, Nvidia It held $60.6 billion in cash and short-term investments. This is up from $13.3 billion in January 2023, just after OpenAI released ChatGPT.
And this is even after plowing billions into company stocks, including $1 billion for Nokia, $5 billion for Intel, $10 billion for Anthropic, and a staggering $100 billion commitment to OpenAI still under discussion.
In addition to this, NVIDIA announced this week that it will invest $2 billion in Synopsys.
Nvidia, which has grown from a niche maker of graphics cards to the world’s most valuable company, has earned $37 billion in stock buybacks and dividends, with another $60 billion authorized.
When your biggest challenge is finding a way to spend $60 billion, you’re living the ultimate corporate life of luxury.
To quote ABBA, “Money, money, money, things should get interesting in the world of NVIDIA.”
What you need to know today
Microsoft Office price increase. Microsoft announced Thursday that it will increase subscription prices for its Office productivity software for commercial and government customers starting July 1. The company has faced increasing competition from Google in recent years.
India cuts interest rates. The Reserve Bank of India cut its policy rate by 25 basis points to 5.25%, in line with expectations. The central bank unanimously decided to cut the amount, citing “weakness in some key economic indicators”, despite a sharp decline in the headline inflation rate.
“China’s Nvidia” IPO. Shares of Beijing-based graphics processing unit (GPU) maker Moore Thread, also known as “China’s Nvidia,” soared more than 400% in its Shanghai debut after listing for $1.1 billion.
The market changed little. U.S. markets traded mixed on Thursday as investors assessed a report released in November that showed U.S. employers cutting more than 1 million jobs for the year. Asian markets fell, with Japan leading the losses.
(PRO) Are AI stocks affordable? Citigroup analysts say investors should look to less-tapped parts of the market for stocks that can capitalize on the artificial intelligence boom while delivering growth at affordable prices.
And finally…
BEIJING, CHINA – DECEMBER 3: French President Emmanuel Macron (R) and Chinese President Xi Jinping walk during a state visit at the Great Hall of the People on December 3, 2025 in Beijing, China.
Adek Berry Pool | Getty Images News | Getty Images
Ukraine, trade and pandas: What China’s Xi and France’s Macron discussed in Beijing
President Xi Jinping told President Emmanuel Macron in Beijing on Thursday that China is willing to increase imports of products from France in exchange for a “fair and favorable environment” for Chinese companies in European countries.
The French president began a three-day visit to China on Wednesday as tensions escalate over a range of topics, including trade imbalances and the protracted war in Ukraine. This will be his first visit to Beijing in more than two years.
In a separate readout from the French government, Macron told Xi that the two countries must cooperate on the basis of “balanced relations” and called on Beijing to help end the Russia-Ukraine war.
— Anique Bao
