Nvidia Boosts Stock Buyback by Record $150 Billion
Nvidia raised its stock buyback authorization by $150 billion. Nvidia said this is the largest such increase in history.
Now $235 billion remains authorized under the program. A buyback authorization lets a company repurchase its own shares.
It does not mean Nvidia will spend the full amount. Nvidia expects to use the remaining money through fiscal 2028.
The company linked the move to strong cash generation. Nvidia also cited confidence in AI and accelerated computing. This increase came four months after an earlier $80 billion addition.
Klear Note — Companies often use stock buybacks to return cash to shareholders.
Key Terms 3
- buyback authorization Permission for a company to buy back its own shares from investors.
- fiscal 2028 Nvidia's financial year ending in early 2028.
- accelerated computing Fast computer processing used for AI and heavy data tasks.