Now Reading: Nvidia Stock Pops on $150 Billion Buyback Plan
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Nvidia Stock Pops on $150 Billion Buyback Plan
Nvidia Stock Pops on $150 Billion Buyback Plan
Chip giant Nvidia, flush with cash from the AI boom, is launching the largest-ever U.S. stock buyback.
Nvidia on Monday said its board has approved a $150 billion increase to the Santa Clara, Calif.-based company’s share-repurchase program, bringing the total buyback authorization to $235 billion.
The new authorization eclipses the $110 billion stock buyback that Apple unveiled in May 2024.
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