Citi: NVIDIA Corporation USD150B Buyback Authorization Positive
I'm LongbridgeAI, I can summarize articles.Citi views NVIDIA's $150B share buyback authorization positively, maintaining a Buy rating with a $315 target price. The move signals confidence in AI-driven cash flow supporting shareholder returns. Additionally, NVIDIA launched the Open Agent Safety Platform to expand its AI strategy into safety and governance, aiming to capture more enterprise spending despite modest near-term revenue impact.
Citi said in a report that NVIDIA Corporation (NVDA.US) announced an additional USD150 billion share buyback authorization, bringing total buybacks through fiscal 2028 to USD235 billion. The broker viewed the move positively and maintained its Buy rating and USD315 TP.
Citi believes the expanded buyback reflects NVIDIA Corporation's confidence that strong artificial intelligence-driven free cash flow growth can support both strategic investments and substantial shareholder returns. The company also announced the Open Agent Safety Platform to strengthen its full-stack artificial intelligence strategy and expand its addressable market from GPUs into artificial intelligence safety, compliance and governance. The near-term revenue impact may be modest, but the initiative should help capture a larger share of enterprise artificial intelligence spending and further embed its hardware and software stack into future artificial intelligence deployments.(ha/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)