Nvidia said on Sept. 28 that its board approved an additional $150 billion in share repurchase authorization on top of the company’s existing buyback program, bringing the total remaining authorized amount to $235 billion. The company said it expects to complete the remaining repurchases by the end of fiscal 2028.
Chief Executive Officer Jensen Huang said Nvidia’s growth has been driven by the shift to artificial intelligence and accelerated computing, which he described as a generational platform transition. He said the company’s cash generation allows it to invest in technologies supporting that transition while also returning capital to shareholders, adding that the new authorization reflects confidence in long-term opportunities ahead.
According to market data from BIT (bit.com), Nvidia shares were up 1.4% in premarket U.S. trading.
Nvidia (NVDA.O) said on Sept. 28 that its board had approved an additional $150 billion in share repurchase authorization under the company’s existing buyback program, raising the remaining authorized repurchase total to $235 billion.
The company said it expects to complete the remaining buyback plan by the end of fiscal 2028.
Chief Executive Officer Jensen Huang said: "Nvidia’s growth has benefited from the transition to the generational platform shift of artificial intelligence and accelerated computing. Our cash generation 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 market data from BIT (bit.com), Nvidia shares were up 1.4% in premarket U.S. trading.
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