Nvidia has found another use for the mountain of cash generated by the AI boom: buying back more of its own stock.
The chipmaker announced Monday that its board authorized an additional $150 billion for share repurchases, increasing the amount remaining under its buyback program to $235 billion. Nvidia called it the largest share-repurchase authorization increase in history and said it expects to execute the remaining program through fiscal 2028.
The number is enormous even by Big Tech standards. But beyond its potential impact on shareholders, the authorization offers another measure of the financial firepower the AI infrastructure boom has…
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