Nvidia Adds $150 Billion to Largest Ever Stock Buyback

Nvidia will add $150 billion to its stock buyback program, bringing the total authorized amount to a record $235 billion. CEO Jensen Huang said the company's cash generation lets it invest in AI-driven growth while returning capital to shareholders. The move follows last month's earnings showing revenue more than doubled to $96.22 billion for the quarter ended in July. Nvidia, the world's most valuable public company at about $5.6 trillion market cap, has climbed 24% over the past year and rose 1.8% after the announcement.