00:00Lots of NVIDIA-related news to tell you about this morning.
00:03So the chip giants board has authorized an additional $150 billion to its share buyback program.
00:10This is going to take its total to $235 billion.
00:14And this is, of course, amid record spending on artificial intelligence.
00:18NVIDIA expects to complete the program through fiscal 2028.
00:21Now, earlier today, NVIDIA rolled out a new double-layered AI security system
00:26that it says would have prevented the recent high-profile breach of hugging face by OpenAI's models.
00:32You've got to love these names.
00:34Do you want me to give you some context?
00:35Because context matters.
00:37Here at Bloomberg, for sure.
00:38$150 billion buyback, market cap of the stock, $5.4 trillion.
00:42That's insane.
00:43Yes.
00:44So still the most valuable company in the world.
00:47And also, just to add more fuel here,
00:49China may allow Alibaba and ByteDance to buy NVIDIA's new RTX Pro 5500 chip.
00:54So in case we need more reason for this stock to rally today,
00:58let's move on to the mining sector.
01:00There's lots of activity there.
01:01Australia's Northern Star Resources, up more than 6%.
01:04The company rejected a takeover proposal from its rival, South African rival, Goldfields.
01:10They said that the $27 billion cash and stock offer undervalued the business.
01:15So Goldfields' bid actually ranked among the biggest deals ever pursued in the gold industry.
01:21And shares in the South African miners slumping as much as 16%
01:25because investors weren't really loving this proposal.
01:28During my career, I tried to invite myself onto these investor trips to see these mines in Australia or Africa.
01:34You never did it?
01:35No, because I covered media industry that never really worked out.
01:37My boss never bought off on it.
01:38Oh, that would have been really something to see, I bet.
01:42And also, just to stick with this sector, shares of precious metal miners are lower here.
01:46That's following a big drop we're seeing in precious metals, gold and silver.
01:50We've got Barrick Gold down 4%, Freeport, Mac Moran down about 3.5%.
01:56And if I can squeeze in one more, Roblox, RBLX, ticker symbol there, down 5% and off 43%
02:04so far this year.
02:05So Roblox was cut to underperform from hold at Jeffries.
02:09The analysts, they're saying the stock's 30% rally since its second quarter results were actually, was overly optimistic.
02:16And he said that the company's new algorithm, which prioritized.
