Key facts
- Nvidia is expanding its share buyback program by $150 billion.
- The expanded buyback program is the largest on record.
Nvidia boosts share repurchase plan by $150 billion
IN SHORT
Nvidia announced a $150 billion increase to its share repurchase plan, the largest on record, expecting to execute it through fiscal year 2028. The tech giant's chips are fueling the AI boom, and CEO Jensen Huang stated the company is generating significant cash to return to shareholders.
Key Numbers
$150 billionincrease to share repurchase plan
$235 billiontotal share repurchase program worth
2028financial year for buyback completion
1.7%share price increase in premarket trading
Who's Involved
Nvidia
announced $150 billion increase to share repurchase plan
Jensen Huang
Nvidia CEO, stated company is generating cash to return to shareholders
Apple
previously held record for largest-ever buyback
↳ Why This Matters
The massive share repurchase plan signals Nvidia's strong confidence in its future cash generation and its commitment to returning value to shareholders, potentially supporting its stock price.