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00:02NVIDIA increased its share buyback authorization by $150 billion,
00:07bringing the total remaining amount authorized to $235 billion, according to Bloomberg.
00:13The chipmaker said it will complete the buyback through fiscal 2028.
00:17NVIDIA shares have gained 20% this year,
00:20as the artificial intelligence boom has made it the world's most valuable company.
00:24In August, NVIDIA projected 70% sales growth for the next fiscal year.
00:31CEO Jensen Huang said the company's growth is being driven by a shift to AI and accelerated computing.
00:36He said the expanded authorization reflects NVIDIA's confidence in its long-term opportunity.
00:42NVIDIA shares rose 1.3% to $228 in pre-market trading Monday.
00:48For all things money, visit Benzinga.com.
