RECORD BUYBACK: Nvidia Unleashes $150 Billion Repurchase — Surpasses Apple's Entire Plan...

Nvidia's board authorized a $150 billion stock repurchase program, the largest in the company's history, as the chipmaker capitalizes on soaring demand for artificial intelligence processors. Share buybacks reduce the number of outstanding shares, which can boost earnings per share and return cash to investors. The move signals confidence in Nvidia's valuation and cash generation despite the chipmaking sector's cyclical nature and intensifying competition from rivals developing their own AI chips.