150 Billion Dollar Share Buyback Decision from Nvidia

In the statement made by the company, it was reported that Nvidia's board of directors approved an additional authority of $ 150 billion within the scope of the company's existing share repurchase program.

It was stated in the statement that with this increase, the total authorized amount remaining within the scope of the program increased to 235 billion dollars, and that this was the largest share repurchase authorization increase in history.

The statement stated that the company is expected to use the total amount remaining under the program by fiscal 2028.

"Nvidia's growth is powered by a once-in-a-generation platform transformation towards artificial intelligence and accelerated computing," said Nvidia Chief Executive Officer (CEO) Jensen Huang, whose views were included in the statement. he said.

Stating that their cash generation capacity allows them to invest in technologies that advance this transformation and return capital to shareholders, Huang emphasized that this authority reflects confidence in the long-term opportunity in the future.