00:00$150 billion droll, that's how much NVIDIA just pulled out, to buy back its own stock.
00:06The board approved an additional $150 billion in share repurchases.
00:10NVIDIA called it the largest.
00:12Buyback authorization increase in history.
00:14That brings the total remaining authorization to $235 billion to be carried out through fiscal year 2028.
00:21The announcement comes as surging demand for AI chips drives rapid revenue growth.
00:27Shares are up over 1% in pre-market trading.
00:30But keep in mind, an authorization is just a plan.
00:34The actual buybacks will roll out over time.
00:36The actual buybacks will roll out over time.
00:36The actual buybacks will roll out over time.
00:37The actual buybacks will roll out over time.
00:37The actual buybacks will roll out over time.
