NVIDIA Boosts Share Buyback $150 Billion Through 2028
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Key Takeaways
- NVIDIA increased its share repurchase authorization by $150 billion.
- The total remaining authorized amount for buybacks is now $235 billion.
- The company plans to execute the remaining program through fiscal year 2028.
- The $150 billion increase is the largest share repurchase authorization boost in history.
- The move follows NVIDIA's $1 billion commitment to Nscale's recent $3.36 billion convertible debt financing.
NVIDIA's Board of Directors has approved a $150 billion increase to the company's share repurchase program, raising the total remaining authorization to $235 billion.
This adjustment marks the largest increase ever authorized for a share buyback program. NVIDIA expects to carry out the remaining repurchases by the end of fiscal year 2028.
CEO Jensen Huang highlighted that the company's robust cash generation enables continued investment in AI and accelerated computing technologies while also returning capital to shareholders.
This announcement follows NVIDIA's recent $1 billion investment in Nscale's $3.36 billion convertible debt financing, which closed on September 25. Nscale plans to use the funds to grow its AI cloud platform.
