Nvidia boosted its share buyback ‌authorization by a record $150 billion, eclipsing Apple's $110 billion approval in 2024, making a big bet on its own stock as intensifying AI-chip competition weighs on its performance relative to peers

Nvidia said Monday it has authorized an additional $150 billion to its share buyback program, taking its total to $235 billion, amid record spending on artificial intelligence. The chip giant said it marks the largest share repurchase authorization increase in history. It expects to complete the total remaining buyback program through fiscal 2028. More:

Nvidia boosted its share buyback authorization by a record $150 billion, surpassing Apple's $110 billion approval in 2024, as the chip giant's stock trades near its lowest valuation in more than a decade. Alex Cohen has more

NVIDIA SHARES ROSE 2.1% MONDAY, WITH THE STOCK UP ABOUT 24% THIS YEAR, AS THE COMPANY LOOKS TO RETURN PART OF ITS AI-DRIVEN CASH GENERATION TO SHAREHOLDERS WHILE CONTINUING TO INVEST IN AI AND ACCELERATED COMPUTING.

NVIDIA $NVDA CEO JENSEN HUANG JUST SAID AI AGENTS THAT BREAK OUT OF THEIR LIMITS ARE AN ENGINEERING PROBLEM, AND A SOLVABLE ONE "If it's not an engineering problem, it's not solvable," Huang told CNBC this morning. His model is the early internet. Downloaded apps brought viruses until the web browser became a containment system that gave each app only the access it needed. Huang described Nvidia's AI safety announcement today the same way: a "browser for agents" that gives an agent only the rights its job requires, blocks everything else, and monitors what it does.