Nvidia Boosts Buyback Plan to $235 Billion
· Business · Bloomberg, CNBC, MarketWatch
Nvidia has increased its share buyback program by a record $150 billion, bringing the company's total authorized buyback amount to $235 billion. This decision follows a period of significant growth for the chipmaker, which remains a central player in the global AI hardware market. Simultaneously, SpaceX achieved a new milestone with its Starship rocket, further advancing its heavy-lift launch capabilities. Meta is also continuing its aggressive expansion into artificial intelligence, marking a broader trend of heavy investment across the tech sector.
Why it matters
Nvidia's massive capital return to shareholders signals strong confidence in its financial health, while ongoing AI investments by major firms continue to shape the global technology landscape.
Read the original report — Bloomberg
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.