Nvidia Authorizes $150 Billion Share Buyback, Raising Total Program to $235 Billion

Source Summary

Nvidia announced a new $150 billion share buyback authorization, bringing its total buyback program to $235 billion. The stock closed at $228.38, up 0.51%, with trading volume at 117.7 million shares. The buyback announcement and updates on the company's AI safety accord drove investor focus on capital returns and AI demand.

Why it matters

The $150 billion buyback authorization signals Nvidia's confidence in its valuation and commitment to returning capital to shareholders amid strong AI chip demand.

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