Nvidia authorizes record $150bn share buyback as quarterly profit doubles to $60bn
AI Market Summary
Nvidia authorized a record $150bn share buyback, lifting total repurchase capacity to $235bn, underscoring exceptional cash generation amid AI-driven demand. The announcement supports equity sentiment by signaling management's confidence and providing a shareholder-return backstop, countering concerns about an AI investment bubble and alleged "circular" financing. Ongoing hyperscaler capex remains a key demand driver, though data-center power constraints are an emerging operational risk.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT+1.72%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▲ Bullish
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Nvidia has announced a record $150bn share repurchase program, taking its total buyback fund to $235bn. The chipmaker said profit more than doubled to $60bn in its latest quarter. The company is expected to overtake Microsoft as the world’s most profitable company next year, with forecast annual profit of $243bn. Shares rose by almost 2pc in premarket trading on Monday after the buyback was announced.
