Nvidia Adds Record $150 Billion to Stock Buyback

Nvidia NVDA 0.22%increase; up pointing triangle, flush with cash from the artifical-intelligence boom, is launching the largest-ever U.S. stock buyback.

The chip maker said on Monday that its board has approved a $150 billion increase to the Santa Clara, Calif., company’s share-repurchase program, bringing the total buyback authorization to $235 billion.

The authorization eclipses the $110 billion stock buyback that Apple unveiled in May 2024 and comes just four months after Nvidia’s board added $80 billion to the buyback program.

Nvidia, which dominates the market as the world’s largest designer and supplier of graphics processing units and specialized hardware for AI data centers, sports a market capitalization topping $5.4 trillion, the largest of any company in the world.

—Updates to follow as news develops.