NVIDIA said its board approved an additional $150 bln share buyback authorization on top of the existing program, bringing remaining authorized repurchases to $235 bln. The company expects to complete the remaining repurchases by the end of fiscal 2028.
The size of this increase surpasses Apple's $110 billion record set in 2024, making it the largest single increase in buyback authorization in U.S. corporate history.
CEO Jensen Huang said NVIDIA's growth is driven by the shift to AI and accelerated computing and that cash generation enables continued investment and shareholder returns.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.