
NVIDIA (NASDAQ:NVDA) to Repurchase $80.00 billion in Outstanding Stock

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NVIDIA (NASDAQ:NVDA) announced a share buyback program worth $80 billion, allowing the purchase of up to 1.5% of its stock. This move indicates the board's belief that shares are undervalued. Analysts maintain a positive outlook, with several reiterating 'buy' ratings and raising price targets. The stock recently traded at $223.47, reflecting a 1.3% increase. NVIDIA reported strong quarterly earnings, with a significant revenue increase year-over-year, and also declared a quarterly dividend increase from $0.01 to $0.25 per share.
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