Nvidia has expanded its stock buyback program by $150 billion, according to a Wall Street Journal report published Monday. The Journal describes the addition as a record amount for the chipmaker. The report did not specify a completion timeline for the repurchase authorization.
A buyback lets a company use its cash to purchase its own shares on the open market, typically reducing the number of shares outstanding. Nvidia has been among the most valuable companies in the world, and the Journal's framing of the figure as a record suggests it is the largest single addition the company has made to its repurchase capacity. The report did not include a statement from Nvidia or further details on how the program will be funded.
The size of the authorization drew attention in part because it comes as Nvidia's stock has been closely watched by investors. The Journal's headline did not indicate whether the company tied the move to any specific outlook or earnings event, and no such context was available in the material reviewed here.
What to watch next: whether Nvidia discloses a timeline for the repurchases or links the program to its next quarterly results.
