Nvidia has expanded its share buyback program by a record $150 billion. This decision brings the total remaining authorized amount for repurchases to $235 billion. The company expects to complete this program by the 2028 fiscal year.
The move follows a period where Nvidia's stock growth has lagged behind its profit expectations, amid market concerns regarding the sustainability of the AI boom. CEO Jensen Huang maintains that the company's growth is driven by a fundamental shift toward AI platforms and accelerated computing.
In response to industry concerns about AI safety, Nvidia has introduced a new security system for its hardware. This system is designed to monitor AI agent access in real time. CEO Jensen Huang continues to advocate for rapid AI development, opposing calls for a slowdown.
Following the announcement of the buyback expansion, Nvidia shares rose by 2.6 percent to $230.98. Since the beginning of the year, the company's stock value has increased by approximately 24 percent.
