Nvidia increases its buyback authorization by $150 billion, bringing the remaining total to $235 billion.

NVIDIA (NVDA.US) announced today that its board of directors has approved an additional $150 billion authorization for its existing share repurchase program, increasing the remaining authorized buyback amount to $235 billion. The company expects to complete the remaining repurchase plan by the end of fiscal year 2028. "NVIDIA’s growth is driven by the transformation toward the generational platforms of artificial intelligence and accelerated computing," said Jensen Huang, CEO of NVIDIA. "Our ability to generate cash enables us to invest in technologies that propel this transformation and return capital to our shareholders. This authorization reflects our confidence in the long-term opportunities ahead."