Nvidia’s board increases chipmaker’s share buyback plan by $150 billion

Nvidia's board has approved a $150 billion increase to its share buyback program, driven by strong revenue growth from artificial intelligence chip demand.
Nvidia’s board has cleared the way for the company to spend $150 billion more in share buybacks as the chipmaking giant looks to make use of more of its stellar revenue growth fueled by demand for its high-end artificial intelligence chips. The Santa Clara, California, company said Monday the share buyback increase, which it touted...
READ NEXT
More on the wire
AI TLDR
Authorities are investigating a potential new ransom note connected to the disappearance of Nancy Guthrie.
AI TLDR
Lindsay Clancy is returning to court for a hearing to determine if she will face a second trial for the deaths of her three children. Her first trial ended in a deadlocked jury earlier this month.
AI TLDR
Florida is scheduled to execute 77-year-old Curtis Wilkie Beasley for a 1995 murder. This will mark the 16th execution in the state this year.