Nvidia unveils record $150 billion stock buyback plan

The valuation on Nvidia (NVDA) is too appetizing for CEO Jensen Huang to ignore any longer. The king of AI chips revealed a stunning new $150 billion stock buyback plan on Monday — the largest share repurchase authorization increase in history. It brings the company's total buyback authorization to $235 billion. "NVIDIA's growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing," Huang said in a statement. "Our cash generation gives us the capacity to