Nvidia Boosts Buybacks to $235B Amid Morgan Stanley Bullish Call

NVIDIA (NVDA) has announced an expansion of its share buyback program, increasing authorization to $235 billion and extending the repurchase plan through fiscal year 2028.

The move was approved by the company's board and brings the total remaining authorization to $235 billion. This represents a significant increase from the previous amount.

Morgan Stanley has named NVIDIA (NVDA) as its top pick in semiconductors, maintaining an Overweight rating and setting a price target of $300 for the stock. The analyst cites strong demand for AI infrastructure and data center capacity as key drivers behind the bullish call.

NVIDIA (NVDA) is currently trading near the top of its six-month channel, with some analysts predicting a potential pullback towards $220 before a possible breakout towards $260. The entry zone for this move is cited as $225-$220.