Stocks
Nvidia Boosts Buyback Plan by $150 Billion
Nvidia, a leading chip manufacturer, has boosted its stock buyback program by $150 billion.
The company's board of directors approved the increase, bringing the total authorization to $235 billion.
This move comes as Nvidia continues to ride the wave of growth in AI and accelerated computing.
CEO Jensen Huang stated that the company's strong cash generation gives it the capacity to invest in emerging technologies and return capital to shareholders.