Nvidia's board increases chipmaker's share buyback plan by $150 billion
Nvidia's board has cleared the way for the company to spend $150 billion more in share buybacks as the chipmaking giant looks to make use of more of its stellar revenue growth fueled by demand for its high-end artificial intelligence chips.
TL;DR
- Nvidia's board has approved an increase of $150 billion for share buybacks.
- The company aims to utilize its strong revenue growth.
- Demand for Nvidia's high-end artificial intelligence chips is fueling this growth.