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7/102 sources · 2 publishersUpdated Oct 8, 18:29 UTC

Nvidia expands share repurchase authorization by $150 billion

Nvidia expanded its share repurchase authorization by $150 billion, lifting the planned total to $235 billion through January 2028. Chief Executive Jensen Huang said the company anticipates strong future cash generation and plans to direct part of it back to shareholders.

Why it matters

The authorization allows Nvidia to reduce its share count if it executes the purchases, which can raise earnings per share for remaining holders. It does not require Nvidia to buy the full authorized amount.

Key facts

  • 1Nvidia added $150 billion to its share repurchase program. cnbc.com
  • 2The company plans to repurchase $235 billion of stock through January 2028. cnbc.com
  • 3Jensen Huang said Nvidia expects substantial cash generation in coming years and intends to return part of it to shareholders. cnbc.com

Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.

Sources

2 sources · 2 publishers