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Nvidia authorized an additional $150 billion in share repurchases, raising the company's total buyback program to $235 billion through 2028.
The announcement, released last week, positions the AI chip and networking provider to return significant capital to shareholders while maintaining a forward P/E ratio of 25.
This valuation level persists despite the company reporting that revenue for its fiscal second quarter, which ended on July 26, increased by 106% year over year. 30, Nvidia shares closed at $228.38, a 0.51% gain.
Trading volume for the session was below its three-month average.
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