Nvidia Boosts Share Buyback Authorization by $150 Billion
Matthew Bloxham, Bloomberg Intelligence Senior Media and Tech Analyst, joined Bloomberg's Paul Sweeney and Scarlet Fun to talk about the top tech stories of the day, including Nvidia's new systems and buybacks. 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…
Nvidia's board has authorized the chipmaker to increase its share buyback plan by an additional $150 billion. This decision comes as the company capitalizes on its strong revenue growth driven by the demand for its high-end artificial intelligence chips. The company expects to execute the share buyback plan during its fiscal year ending January 30, 2028.
Nvidia's founder and CEO, Jensen Huang, stated that the company's financial capacity to invest in advancements in AI and accelerated computing, as well as return capital to shareholders, has been bolstered by its robust cash generation. Shares of Nvidia rose by 2.3% in early trading on Monday, marking a 24% gain so far this year.
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- Nvidia’s board increases chipmaker’s share buyback plan by $150 billion winnipegfreepress.com
- Nvidia increases its share buyback program by $150B to $235B, aiming to complete the process through fiscal 2028; NVDA is up 20% in 2026 (Amy Thomson/Bloomberg) bloomberg.com
- Nvidia boosts share buyback by a record $150 billion financialpost.com
- Nvidia share buyback plan gets $150 billion boost cnbc.com
