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BUSINESSSeattle Times·12h ago

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

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AI TLDR · GEMINI

Nvidia's board approved a $150 billion increase to its share buyback program, driven by high 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.

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