Nvidia adds $150 billion to stock buyback authorization, total reaches $235 billion

BlockBeats news, September 28: Nvidia (NVDA.O) announced today that its board of directors has approved an additional $150 billion authorization on top of its existing stock repurchase program, bringing the total remaining authorized repurchases to $235 billion. The company expects to complete the remaining repurchase program by the end of fiscal year 2028. "Nvidia's growth is driven by the transition to AI and accelerated computing, a generational platform shift," said Nvidia CEO Jensen Huang. "Our cash generation ability enables us to invest in the technologies driving this transition and return capital to shareholders. This authorization reflects our confidence in the long-term opportunities ahead."

According to BIT (bit.com) market data, Nvidia rose 1.4% in U.S. pre-market trading.