Nvidia adds $150 billion to its historic stock buyback
The record buyback is CEO Jensen Huang’s bet that he can fund huge swaths of the AI buildout while still rewarding his own shareholders.
Nvidia has announced a record $150 billion stock buyback plan, positioning CEO Jensen Huang to fund extensive AI buildout while rewarding shareholders. This move contrasts with Alphabet's approach, which has not bought back any stock this year to fund its AI initiatives. Huang emphasized Nvidia's financial strength, stating, "Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders."
The tech giant has become a critical financial pillar of the AI economy, supporting customers of its chips and providing data center leases to struggling labs.
Brief written by urgent.news from Semafor's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
