Nvidia Approves Record $150 Billion Share Repurchase

Nvidia has approved a record-breaking $150 billion share repurchase authorization, the largest in U.S. corporate history.

The move raises Nvidia's total share repurchase authorization to $235 billion and underscores its commitment to returning capital to shareholders among global big tech companies.

With surging demand for AI data centers driving revenue growth of 106% year-over-year, Nvidia is confident in its long-term growth prospects as it transitions to a new platform.

Nvidia's board of directors approved the additional $150 billion buyback authorization on September 28, far exceeding Apple's $110 billion announcement in May.