12 super investors betting billions on NVIDIA after 1,000% 5-year surge
NVIDIA has gained over 1000% in the last five years and over 13,000% in the last ten years. Now the company is betting big on itself. It has made an announcement of adding $150 billion to its share repurchase authorization, lifting the buyback program to $235 billion through fiscal 2028. The impact on price was immediate. NVIDIA (NVDA) closed 1.68% higher on the day of the share buy back announcement.
NVIDIA, the mega-cap AI company with a market valuation of over 5 trillion dollars, is a hot favourite among Wall Street investors. And for investors who own over 2 million shares of NVIDIA (NVDA), or have put over 4 billion dollars into it, conviction shows up in the numbers.
