$NVDA Expands Share Buyback Program With Record-Breaking $150 Billion Authorization Increase

$NVDA has announced a $150 billion increase to its share buyback authorization, marking the largest single buyback authorization increase in history and bringing its total authorization to $235 billion.
The program is structured at approximately $39 billion per quarter over the next year, more than double the company's previous record quarter of $20 billion. The move is underpinned by projections for 70% revenue growth and the company's dominant 85% to 90% share of the artificial intelligence chip market.