Nvidia adds a record $150bn to its share buyback
Nvidia’s board has approved an extra $150bn for share buybacks, the company said on Monday. That lifts the total remaining authorisation to $235bn, which Nvidia expects to use through fiscal year 2028.
Nvidia called it the largest increase to a share repurchase authorisation in history.
“This authorization reflects our confidence in the long-term opportunity ahead,” said Jensen Huang, Nvidia’s founder and chief executive.
Huang said Nvidia’s cash generation lets it both invest in AI and return capital to shareholders.
“A lot of cash”
Huang expanded on the plan in an interview with CNBC’s Squawk Box on Monday.
“I think we’re going through the largest infrastructure build-out in human history, and we have the benefit of being a very central part of that,” he said.
Nvidia will generate a lot of cash in the coming years and wants to return more of it to shareholders each year, Huang told CNBC. Nvidia’s...
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