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International Business Times UK

Business

Clarizza Potoy

Nvidia Just Approved a $150B Buyback and Bulls Think the AI Trade Is Not Done Yet

Nvidia Jensen Huang Apple Intel Corporation LSEG

Nvidia approves historic $150 billion buyback boost, taking its repurchase authorisation to $235 billion as Jensen Huang backs long-term AI growth outlook (Credit: Brecht Corbeel/ Unsplash)

Nvidia has authorised a record $150 billion increase to its share repurchase programme, the largest single boost to a buyback authorisation in history, as the chipmaker underscores management's confidence in sustained demand for artificial intelligence technology.

The Santa Clara-based company said its board approved the additional capacity on 28 September, lifting its remaining buyback authorisation to $235 billion, with execution expected through fiscal 2028.

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