The board of US chip giant Nvidia has approved an expansion of the company’s existing share buyback programme by USD 150 billion. This brings the total remaining authorised amount under the programme to USD 235 billion.
According to the company, the expansion is the largest authorised increase to a share buyback programme to date. Nvidia expects to complete the remaining programme through fiscal 2028.
CEO Jensen Huang says the company’s cash generation gives Nvidia the capacity both to invest in AI and accelerated computing and to return capital to shareholders.
