MARKETS & FINANCE
Nvidia approves record $150bn share buyback as AI competition pressures stock
SAN FRANCISCO, United States (NPA) — Nvidia has authorised an additional $150 billion for share buybacks, its largest-ever repurchase approval, as the artificial intelligence chipmaker seeks to support shareholder value amid intensifying competition and concerns over the sustainability of the AI spending boom. The latest authorisation takes Nvidia’s available share repurchase capacity to $235 billion, […]
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