Nvidia to hand investors record $150bn after AI profit boom - AOL

Nvidia said its board has approved a record $150 billion increase to its share repurchase program, one of the largest buybacks ever announced. Jensen Huang said the authorization will be financed by Nvidia’s strong cash generation following the AI boom. Pre-market, Nvidia shares rose by nearly 2%. Buybacks reduce shares outstanding and can boost the stock price by returning capital to investors. Nvidia’s total repurchase fund now reaches $235 billion, after the new authorization, and the new $150 billion figure eclipses Apple’s $110 billion increase authorized in 2024. The company, which makes chips and networking equipment for leading AI systems, reported profits more than doubling to $60 billion in its last quarter, and is expected to surpass Microsoft next year on forecast annual profit of $243 billion.