Nvidia Expands Share Buyback Authorization by $150 Billion
publishers 40articles 54first reported 28 Sep, 11:21 UTCdeveloping since 28 Sep · 3 editions
Nvidia’s board has authorized a $150 billion increase to the chipmaker’s share repurchase program, raising the total authorization from $85 billion to $235 billion, the company announced Monday.
The new allotment is the largest share buyback authorization on record, surpassing Apple’s $110 billion program, according to The Hill. A repurchase authorization allows Nvidia to buy its own shares but does not require the company to use the entire amount.
The expansion comes as Nvidia’s stock performance faces pressure from growing competition in the artificial intelligence chip market, Reuters reported.
HOW THIS STORY WAS MADE
Written from 8 articles, 1 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 18 h after the record first saw the story; the editor kept it as written.
- Publishers
- 40
- Source articles
- 54
- Given to the writer
- 8, 1 with the article's own text
- Independent newsrooms
- 8
- This version written
- 18 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
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