NVIDIA Raises Share Repurchase Authorization by $150 Billion to $235 Billion
NVIDIA’s board approved a $150 billion increase to its share repurchase authorization. The remaining program now totals $235 billion, which the company expects to execute through fiscal 2028.
NVIDIA’s board has approved an additional $150 billion under the company’s existing share repurchase program. The remaining authorization now totals $235 billion.
The company expects to execute the full remaining program through fiscal 2028. The announcement did not provide a separate schedule for the purchases.
Largest authorization increase on record
NVIDIA described the increase as the largest share repurchase authorization increase in history.
Founder and CEO Jensen Huang attributed the company’s growth to the expansion of artificial intelligence and accelerated computing. He said NVIDIA’s cash generation allows it to invest in technologies while returning capital to shareholders.
What we know
- NVIDIA added $150 billion to its existing share repurchase authorization.
- The remaining program now totals $235 billion.
- The company expects to execute the authorization through fiscal 2028.
- NVIDIA called it the largest share repurchase authorization increase in history.
Trust: Primary source
- The story cites a primary statement. It establishes what its author said, but does not guarantee every claim is true.
- Sources: NVIDIA Newsroom.
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