QUICK SPARK: Nvidia Board OKs Massive $150B Buyback Plan, Shares Spike to All-Time Highs
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The new program lifts Nvidia’s remaining buyback capacity to about $235 billion through fiscal 2028.
Analysts estimate the buyback could shrink the share count by about 4.2% and add roughly 1.6% to earnings per share by 2028.
Nvidia stock rose about 2% to $235.5 at midday, after touching a record intraday high of $237.55. That pushed its market value to roughly $5.7 trillion.
Since the start of the year, Nvidia stock has rallied 25%.
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