NVIDIA to Buy Back $150 Billion in Stock

<p>NVIDIA has authorized the largest stock buy back by any company in history&period; The leading maker of AI chips will add an additional &dollar;150 billion under the company’s existing share repurchase program&comma; increasing the total remaining amount authorized to &dollar;235 billion&period;<&sol;p>&NewLine;<p>NVIDIA is the most valuable company in the world&period; The company&&num;8217&semi;s market capitalization is over &dollar;5&period;5 trillion&period; Shares are up 22&percnt; year to date&period;<&sol;p>&NewLine;<p>The company expects to execute the total remaining buy back program through fiscal year 2028&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;NVIDIA’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing&comma;” said Jensen Huang&comma; founder and CEO of NVIDIA&period; &OpenCurlyDoubleQuote;Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders&period; This authorization reflects our confidence in the long-term opportunity ahead&period;”<&sol;p>&NewLine;

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