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Nvidia Raises Stock-Buyback Authorization to $235 Billion
The company added $150 billion to its repurchase authorization in an announcement issued Monday morning Eastern time.
Nvidia increased its stock-buyback authorization by $150 billion, bringing the company’s total authorization to $235 billion in a major capital-allocation move for the semiconductor market.
The announcement was issued at 7:03 a.m. ET (11:03 UTC) Monday, Sept. 28. The additional authorization represents the latest expansion of Nvidia’s program and raises the amount available for potential stock repurchases.
The new authorization brings Nvidia’s stated stock-buyback capacity to $235 billion.
