Nvidia authorized an additional $150 billion for its share buyback program, bringing the total to $235 billion, marking the largest share repurchase authorization increase in history. The chip giant expects to complete the entire remaining buyback program through fiscal year 2028. The company is a major beneficiary of record spending on AI infrastructure. Nvidia’s shares have climbed 24% over the past 12 months, lifting its market cap to $5.42 trillion. S&P Global Ratings projects combined hyperscaler capital expenditure will exceed $1.3 trillion by 2027.
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