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NVIDIA Unleashes Record $150B Buyback
29 Sep
Summary
- NVIDIA announced a historic $150 billion share repurchase authorization.
- This buyback is the largest in history, surpassing Apple's previous record.
- The company expects to complete the program by fiscal 2028.
NVIDIA Corporation recently authorized an unprecedented $150 billion for share repurchases, setting a new historical record for such programs. This expansion significantly increases the company's remaining buyback capacity to $235 billion.
This substantial capital return is expected to be completed through fiscal year 2028. The move reflects NVIDIA's strong financial performance, fueled by escalating demand for its artificial intelligence and accelerated computing technologies.
CEO Jensen Huang highlighted that the company's substantial cash generation enables both continued investment in AI advancements and significant returns to shareholders. NVIDIA's shares saw a positive reaction to the news, gaining 1.7% on the announcement date.
While NVIDIA's year-to-date stock performance has been strong, it has trailed behind the broader Semiconductor-General industry and some peers like Intel and Texas Instruments. However, the company maintains a 'Strong Buy' rating from Zacks Investment Research.
