No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Nvidia on M onday lifted its share buyback programme by a further $150bn, taking the total to $235bn as the chipmaker looked to return more capital to investors amid record AIrelated spending.
The company said the move marked the largest increase to a repurchase authorisation in history and expected the remaining buybacks to be completed by fiscal 2028. Shares were up in premarket trade, extending a 24% gain over the past year.
CEO Jensen Huang said Nvidia was benefiting from a "onceinageneration" shift to AI and accelerated computing, with hyperscaler capex projected to top $1.3trn by 2027. He added the group planned to double chip shipments in 2027 as demand for datacentre infrastructure continues to surge.
"Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders," he added. "This authorization reflects our confidence in the long-term opportunity ahead."
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.