NVIDIA Board Of Directors Approved An Additional $50B In Share Repurchase Authorization, Without Expiration
Portfolio Pulse from Benzinga Newsdesk
NVIDIA's Board of Directors has approved an additional $50 billion in share repurchase authorization, with no expiration date. This move follows $15.4 billion returned to shareholders in the first half of fiscal 2025 through share repurchases and dividends.
August 28, 2024 | 8:22 pm
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NVIDIA has significantly increased its share repurchase authorization by $50 billion, indicating strong confidence in its financial health and future prospects. This move is likely to positively impact the stock price as it suggests potential for increased shareholder value.
The approval of a $50 billion share repurchase program suggests NVIDIA's confidence in its financial stability and future growth. Share repurchases can lead to a higher stock price by reducing the number of shares outstanding, thus increasing earnings per share. This is a positive signal to investors, likely leading to a short-term increase in stock price.
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