NVIDIA Board Approved An Additional $25B In Share Repurchases, Without Expiration
Portfolio Pulse from Benzinga Newsdesk
NVIDIA's board has approved an additional $25 billion in share repurchases, with no expiration date. This move could potentially increase the company's stock price in the short term.
August 23, 2023 | 8:22 pm
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NVIDIA's decision to repurchase $25 billion in shares could potentially increase the company's stock price in the short term.
Share repurchases often lead to a rise in the stock price as they reduce the number of shares outstanding, thereby increasing earnings per share. This could make the stock more attractive to investors, potentially leading to an increase in demand and a rise in the stock price.
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