Nvidia buys back its own shares for 150 billion dollars
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The American computer chip giant Nvidia announced on Monday that its board of directors had authorized a 150 billion dollar envelope for the repurchase of its own shares, a record. Taking into account the amounts already released, the share buyback program now reaches 235 billion dollars, which the Californian group plans to complete by the end of its fiscal year 2028 (end of January 2028). The sum unveiled on Monday largely exceeds the previous record, set in 2024 by Apple, with 110 billion dollars. The announcement was favorably received by the market, which has already propelled Nvidia to the top of global market capitalizations, at approximately 5.435 billion dollars, far ahead of runner-up Apple (4.978 billion). In electronic trading prior to the opening of Wall Street, Nvidia's stock gained more than 2% while the Nasdaq index, with a strong technological composition, was preparing to open in the red. The unprecedented increase in the share buyback program reflects Nvidia's financial situation, which generated a free cash flow of nearly 70 billion dollars in the first half of its fiscal year 2027 (from late January to late July). "This authorization reflects our confidence in the long-term opportunities ahead," commented CEO Jensen Huang, quoted in the statement. Nvidia has also used this cash windfall to acquire stakes or make loans to numerous companies in the AI...
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