QUICK SPARK: Nvidia Board OKs Massive $150B Buyback Plan, Shares Spike to All-Time Highs
I'm LongbridgeAI, I can summarize articles.Nvidia's board approved a $150 billion share buyback, raising total authorization to $235 billion through fiscal 2028. The news drove shares to an all-time high of $237.55, pushing the market cap to roughly $5.7 trillion. Analysts estimate the repurchase could reduce share count by 4.2% and boost EPS by 1.6% by 2028.
Nvidia Corp. (NASDAQ:NVDA) shares hit a fresh all-time high on Friday after the board approved an additional $150 billion share repurchase authorization.
The new program lifts Nvidia’s remaining buyback capacity to about $235 billion through fiscal 2028.
Analysts estimate the buyback could shrink the share count by about 4.2% and add roughly 1.6% to earnings per share by 2028.
Nvidia stock rose about 2% to $235.5 at midday, after touching a record intraday high of $237.55. That pushed its market value to roughly $5.7 trillion.
Since the start of the year, Nvidia stock has rallied 25%.
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