Chip developer Nvidia, which is at the core of the AI boom, increased the size of its share repurchase program by a record $150 billion, reflecting CEO Wong In-hoon's confidence in the company's continued growth. After this increase in repurchase authorizations, Nvidia's remaining total authorized repurchases reached US$235 billion. Nvidia, headquartered in Santa Clara, California, said in a statement Monday that the company expects to complete this buyback program before the end of the 2028 fiscal year. Companies are scrambling to develop AI models and infrastructure to drive demand for Nvidia graphics processors and make it the company with the highest market capitalization in the world. Recently, however, compared to Nvidia's expected profit, its stock price valuation has been declining, reflecting market concerns about whether this spending boom will continue.

Chip developer Nvidia, which is at the core of the AI boom, increased the size of its share repurchase program by a record $150 billion, reflecting CEO Wong In-hoon's confidence in the company's continued growth. After this increase in repurchase authorizations, Nvidia's remaining total authorized repurchases reached US$235 billion. Nvidia, headquartered in Santa Clara, California, said in a statement Monday that the company expects to complete this buyback program before the end of the 2028 fiscal year. Companies are scrambling to develop AI models and infrastructure to drive demand for Nvidia graphics processors and make it the company with the highest market capitalization in the world. Recently, however, compared to Nvidia's expected profit, its stock price valuation has been declining, reflecting market concerns about whether this spending boom will continue.