Nvidia Boosts $150B Share Repurchase

Nvidia announced an increase in its share repurchase program by $150 billion, bringing the total authorized amount to $235 billion, with plans to complete it by 2028. This comes amidst ongoing strong growth driven by the AI surge, making it the most valuable company by market capitalization, with its stock rising 20% since the beginning of the year. Revenues are expected to grow by 70% in the upcoming fiscal year. The buyback decision reflects confidence in long-term growth prospects, supported by the stock’s 1.7% rise after the market close.

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