NVIDIA shares moved from a 1% premarket decline to a 1% gain, according to MSX.COM data, after the company disclosed that the contract value reported by Anthropic exceeded $180 billion. The update came after NVIDIA had already announced a $150 billion increase to its stock repurchase authorization, bringing the total buyback program to $235 billion. The company said it expects to carry out the repurchase plan by fiscal 2028. NVIDIA founder and CEO Jensen Huang said the company’s growth has been driven by what he described as an unprecedented platform shift toward artificial intelligence and accelerated computing. He added that NVIDIA’s strong cash flow allows it to invest in technologies supporting that transition while also returning capital to shareholders, and said the new authorization reflects confidence in the company’s long-term opportunities.
NVIDIA shares reversed course in premarket trading, moving from a 1% loss to a 1% gain, according to MSX.COM data.
NVIDIA said the contract value reported by Anthropic exceeded $180 billion.
Earlier, NVIDIA announced a $150 billion increase to its stock repurchase authorization, lifting the total buyback program to $235 billion. The company expects to execute the repurchase plan by fiscal 2028.
NVIDIA founder and CEO Jensen Huang said: "NVIDIA’s growth has been driven by an unprecedented platform transition, namely the shift to artificial intelligence and accelerated computing. Our strong cash flow allows us to invest in the technologies driving this transition and return capital to shareholders. This authorization reflects our confidence in the long-term opportunity ahead."
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