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Nvidia boosts share buyback by record $150 billion as AI boom fuels growth
- On Monday, California-based Nvidia's board authorized an additional $150 billion for its share-repurchase program, marking the largest such increase on record and bringing total remaining capacity to $235 billion.
- Rapid revenue growth driven by a once-in-a-generation shift to artificial intelligence and accelerated computing underpins Nvidia's aggressive capital return strategy and cash generation capacity.
- The company expects to execute the $235 billion program through fiscal year 2028, with the figure representing remaining capacity rather than an immediate spending commitment.
- Shares of Nvidia rose 1.7% in premarket trading on the day of the disclosure, as investors responded positively to the capital return announcement.
- CEO Jensen Huang said, "Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders.
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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.
·Budapest, Hungary
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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.
·New York, United States
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Coverage Details
Total News Sources19
Leaning Left1Leaning Right2Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
11%
C 67%
R 22%
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