Nvidia announces $150 billion buyback boost as AI boom drives massive cash flow
Chipmaking giant and ‘Magnificent Seven’ favourite Nvidia bolstered its share buyback authorisation by $150 billion, lifting the company’s remaining buyback capacity to $235 billion.
On Monday, the company announced that its board of directors had increased the size of its buyback program by $150 billion, using its massive balance sheet to repurchase its own stock. The company expects to execute the total remaining program through fiscal year 2028.
