NVIDIA boosts share buyback by $150B, confirms $13B Hugging Face acquisition
NVDA sits 40% above its 52-week low of $164.27.
Summary
NVIDIA announced a substantial $150 billion increase to its share repurchase program, raising the total remaining capacity to $235 billion through fiscal 2028. This significant capital allocation signals strong cash generation and management confidence. Nvidia has the largest buyback program in the stock market, accounting for about 4% of Nvidia's market value. The company also confirmed its agreement to acquire Hugging Face for approximately $13 billion, a strategic move to scale its AI platform and expand developer access. This acquisition was previously disclosed in a September 3rd 8-K filing for ~$11.9B plus retention equity, with this news providing a rounded figure and additional context. Nvidia shares rose 1% Monday and 0.6% Tuesday to $230.13; Apple is the only other Mag 7 with a large buyback.
Updated with a Dow Jones Newswires report · What changed
Updates
· Dow Jones Newswires — Nvidia shares rose 1% Monday and 0.6% Tuesday to $230.13; Apple is the only other Mag 7 with a large buyback.
- Nvidia has the largest buyback program in the stock market.
- The buyback program accounts for about 4% of Nvidia's market value.
At the time of this announcement, NVDA was trading at $229.42 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5T. 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: Wiseek News.