Business

Nvidia Announces Record $235 Billion Stock Buyback Plan

AI SUMMARY

Nvidia has authorized a record $150 billion expansion to its share buyback plan, bringing total approved repurchases to $235 billion.

Nvidia expanded its existing share buyback plan by $150 billion, raising total approved repurchases to $235 billion.
Apple previously held the record for the largest-ever buyback with $110 billion in 2024.
Nvidia CEO Jensen Huang stated the company is generating substantial cash and aims to return it to shareholders annually.
The company raised its quarterly dividend from one cent per share to 25 cents last week.
Nvidia reported $99 billion in cash and liquid investments as of July 26, up from $63 billion six months prior.
The company expects to complete the share buyback by the 2028 financial year.
Nvidia stock traded about 2% higher following the announcement, up 21% for the year and nearly 1,000% over the past five years.
The buyback plan followed the launch of Nvidia's Open Agent Safety Platform, designed to address AI safety risks with over 100 partners.