(RTTNews) – NVIDIA Corp. (NVDA), a technology company, on Monday announced that its board has authorized an additional $150 billion under the company’s existing share repurchase program.
The additional authorization increases the remaining total amount under the program to $235 billion.
The company expects to execute the remaining repurchase program through fiscal year 2028.
The company said the authorization reflects its confidence in the long-term opportunity driven by AI and accelerated computing.
In the pre-market trading, NVIDIA Corp. is 1.56% higher at $228.55 on the Nasdaq.