Changes in US stocks | The board of directors approved an increase in the repurchase plan amount by 150 billion US dollars, Nvidia (NVDA.US) increased by more than 3%

The Zhitong Finance App learned that on Monday, Nvidia (NVDA.US) rose more than 3% to $232.51. According to the news, Nvidia announced that the board of directors has approved an increase of 150 billion US dollars in the repurchase plan. In addition to existing plans, Nvidia is now authorized to invest up to $235 billion to repurchase shares by January 2028.

Nvidia co-founder and CEO Hwang In-hoon issued a statement saying the new plan reflects the company's “confidence in future long-term opportunities” in the AI field. He emphasized that the transformation of platforms driven by AI and accelerated computing has brought business growth, and that the company's strong cash flow generation ability enables it to return capital to shareholders while investing in technological transformation. As more investors begin to question the sustainability of the AI boom, this record return of capital not only directly responds to market concerns, but also highlights management's high level of confidence in its ability to monetize its core business.