Nvidia has approved an additional $150 billion for share repurchases under its existing buyback programme, marking the largest increase in repurchase authorisation in the chipmaker’s history as its artificial intelligence business continues to generate massive cash flows. Shares of Nvidia were up 0.22% in pre-market trade following the announcement.
The latest approval takes the total amount remaining under Nvidia’s share repurchase authorisation to $235 billion. The California-based company expects to execute the programme through fiscal 2028, giving it considerable flexibility to return capital to shareholders over the next several quarters.
