Nvidia CEO Promises Huge Stock Buyback Amid Undervaluation Claims
Nvidia CEO Jensen Huang received the prestigious Van Fleet Award at The Korea Society's annual gala in New York, where he delivered a speech and answered questions from reporters.
In a question-and-answer session, Huang emphasized that Nvidia stock is undervalued and expressed his intention to use the company's generated cash flow to buy back shares. 'We're going to generate a lot of cash in the future,' he said, 'and so I think that with that, the very, very smart use of that cash is to buy NVIDIA stock.'
Huang stressed that Nvidia will continue to make strategic investments and operational investments while securing supply chain commitments. However, he believes that buying back shares is a wise decision due to the company's strong financial position.