Nvidia Adds $150B to Buyback, Total Authorization Hits $235B
NVDA sits 39% above its 52-week low of $164.27.
Summary
Nvidia authorized an additional $150 billion for share repurchases, lifting the total remaining authorization to $235 billion. This follows the $80 billion buyback announced in May and reflects management's confidence in sustained cash generation. The scale is substantial relative to the company's market cap and signals a strong commitment to returning capital. The stock is trading near its 52-week high, and this move could support further upside. Watch for execution pace in upcoming quarters.
Updates
· Benzinga — Nvidia stock rose about 2% to $235.5 at midday after touching a record intraday high of $237.55, pushing market value to roughly $5.7 trillion.
· Benzinga — NVIDIA shares traded 2.14% higher at $235.80 on Friday.
· Benzinga — Nvidia stock rose 2.3% to $230.28 on Monday; Jim Cramer had suggested a $500B buyback.
· Seeking Alpha — CEO Jensen Huang cited cash generation and confidence in long-term AI opportunities; AMD and Intel ticked higher.
· Reuters — Nvidia's stock rose nearly 2% in premarket trading after the buyback announcement.
At the time of this announcement, NVDA was trading at $227.78 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.4T. The 52-week trading range was $164.27 to $236.54. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.