Nvidia Board Approves Record-Breaking Share Buyback Plan

Nvidia's board has approved an increase in its share buyback plan by $150 billion, bringing the total to $235 billion. This is the largest share buyback authorization in the company's history.

The move comes as Nvidia continues to generate strong revenue growth fueled by demand for its high-end artificial intelligence chips. The company reported quarterly profits of $59.69 billion last month and expects to execute the share buyback plan through its fiscal year ending January 30, 2028.

Nvidia's CEO Jensen Huang stated that the company's growth is driven by a 'once-in-a-generation platform shift' to AI and accelerated computing. He added that Nvidia's cash generation gives it the capacity to invest in technologies advancing this transformation and return capital to shareholders.