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Nvidia boosts share buyback by record $150 billion as AI boom fuels growth

Summary

Nvidia said Monday it has authorized an additional $150 billion to its share buyback program, taking its total to $235 billion, amid record spending on AI. The chip giant said it marks the largest share repurchase authorization increase in history. It expects to complete the total remaining buyback program through the fiscal year 2028.

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Portfolio

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Nvidia to Buy Back $150 Billion of Its Own Shares

Nvidia is buying back another $150 billion worth of its own shares under its existing program, which the company says is the largest ever increase in the company's history. We'll be covering similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the year is coming up, where professional experts will tell you what to invest in now. Register here.

1 hour ago·Budapest, Hungary

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The Crypto Basic

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NVIDIA Stock Rises as Board Adds $150B to Buyback Plan

NVIDIA Corporation (NASDAQ: NVDA) shares rose in Monday premarket trading after the chipmaker announced a $150 billion increase to its existing share-repurchase authorization. NVDA was up 1.21% at $227.80 at 7:20 a.m.Visit Website

57 minutes ago

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CNBC

Lean Left

Nvidia share buyback plan gets $150 billion boost

1 hour ago·Englewood Cliffs, United States

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Bloomberg

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Nvidia Boosts Share Buyback Authorization by $150 Billion

Nvidia Corp., the chip developer at the heart of the artificial intelligence boom, increased the size of its share buyback plan by $150 billion, increasing the total remaining amount authorized to $235 billion.

1 hour ago·New York, United States

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