NVIDIA Adds $150 Billion in Stock Repurchase Authorization, Bringing the Total to $235 Billion
Ai Focus
NVIDIA Announces that the Board of Directors Has Approved an Additional $150 Billion Authorization for the Existing Stock Repurchase Program, Bringing the Total to $235 Billion. The Company Says This Represents the Largest Increase in Stock Repurchase Authorization in History and Plans to Complete the Remaining Repurchases Within the Fiscal Year 2028.
IT News from September 28th: NVIDIA announced today that its board of directors has approved an additional authorization of $150 billion to its existing stock repurchase plan, bringing the total amount to $235 billion.
This is also the largest increase in stock repurchase authorization in history. NVIDIA plans to complete all remaining repurchase plans within the fiscal year 2028.
NVIDIA Co-founder and CEO Jensen Huang stated:
The growth of “NVIDIA” has been fueled by an unprecedented platform transformation, namely the shift towards artificial intelligence and accelerated computing. Our ample cash flow has enabled us to invest in the technologies that drive this transformation and bring returns to our shareholders. This authorization reflects our confidence in the long-term opportunities ahead.
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