Nvidia Just Gave Investors 150 Billion Reasons to Buy the Stock
It's not too late to invest in this high-flying company.
Nvidia (NASDAQ:NVDA) has outperformed broader equities over the past five years due to its dominance in the artificial intelligence (AI) industry. Despite debates on Wall Street about whether Nvidia can sustain this momentum, there are compelling reasons for bulls to remain bullish on the stock, amounting to a staggering $150 billion. Here are the key details investors should consider.
Nvidia has been actively increasing its share buybacks. As of its fiscal 2027 first quarter, ending on April 26, the company had $38.5 billion left under its share repurchase authorization. In May, Nvidia announced an additional $80 billion increase to its share repurchase program.
Now, Nvidia has taken its share buyback program to unprecedented heights. On September 28, the company announced an additional $150 billion increase to the program, labeling it as the largest share repurchase authorization increase in history. This brings the total remaining to an impressive $235 billion.
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