Nvidia Adds $150 Billion to Share Buyback Program

Nvidia has announced a $150 billion increase in its share repurchase program, expanding the amount authorized for buying back its own stock.

The increase brings the company’s total remaining repurchase authorization to $235 billion. That figure represents the amount still available under the program, rather than the value of shares already bought.

Share buybacks are a way for companies to return capital to shareholders. By reducing the number of shares outstanding, repurchases can also raise earnings per share.

An authorization allows a company to repurchase shares but does not mean the full amount has been spent or must be used immediately. The announcement did not specify a timetable for the additional purchases.