00:00NVIDIA making a massive new bet on its own stock, adding $150 billion to its share buyback program,
00:06bringing the total to $235 billion. Let's discuss with Bloomberg Tech reporter Ryan Vlastelica.
00:12Ryan, what does this say about how NVIDIA is using its cash, be it CapEx, or again,
00:18buying back its own shares in this case? Well, the reception to the buyback so far has been
00:22pretty positive. We're seeing the stock rising on this. A lot of the analysts out there who
00:27have written about it have said that this really speaks to the company's financial strength.
00:31It has high margins, it has high cash flow, and they're excited about the idea that the company
00:36is going to be returning more cash to shareholders, especially since there was a lot of concern in
00:42the background about circular financing and all these various investments out there.
00:47People feel like this is a much more clean-cut way of supporting the stock, which, as I'm sure you
00:53know, has really been trading at very low valuations, especially relative to its history in the AI era.
