Nvidia boosts buyback plan by $150B in new record
Summary
Nvidia announced it will increase its stock buyback program by $150 billion, raising the total to $235 billion. This is the largest stock repurchase plan ever authorized by a company.Key Facts
- Nvidia’s board approved adding $150 billion to its stock buyback program.
- The total buyback amount increased from $85 billion to $235 billion.
- This is a record-setting repurchase plan, the largest in history.
- Stock buyback means a company buys back its own shares from the market.
- Apple’s stock buyback program is $110 billion, smaller than Nvidia’s new plan.
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