AI Image
Nvidia announces jaw-dropping $150 billion stock buyback, largest single authorization in history
Yahoo Finance • • general
Key Points:
- Nvidia CEO Jensen Huang announced a historic $150 billion stock buyback plan, increasing the company's total share repurchase authorization to $235 billion, the largest in history.
- Huang cited Nvidia's strong cash generation and confidence in the long-term AI-driven growth opportunity as reasons for the expanded buyback.
- Nvidia's forward price-to-earnings (P/E) ratio has declined to 24 times, close to the S&P 500 average, despite the company's rapid growth in AI and accelerated computing sectors.
- The buyback move reflects Huang's view that Nvidia shares are undervalued amid ongoing AI advancements and strong quarterly performance.
