Nvidia's record buyback shows chipmaker's stock is too cheap for CEO Huang to resist

Nvidia is planning to spend hundreds of billions of dollars buying back its stock, according to CNBC. The move comes at a time when the company's stock is considered historically cheap based on earnings expectations.

A former Nvidia advisor, Eric Gullichsen, has a separate claim related to the company. According to Tom's Hardware, Gullichsen says he is owed around $1.01 billion in Nvidia stock. He claims that 4.5 million shares, which he was granted as options in 1993, should have vested earlier than they did.

Nvidia's current stock price and its planned stock buyback have drawn attention, with the company's CEO, Huang, seemingly seeing value in purchasing its own shares.

Brief written by urgent.news from CNBC, Tom's Hardware — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.