New Delhi, Sept. 29 -- Chipmaking giant Nvidia announced a record $150 billion share buyback programme, raising its total repurchase authorisation to $235 billion, as the chipmaker continues to ride robust demand for artificial intelligence infrastructure.

The latest approval marks the largest increase in a US corporate share repurchase programme, surpassing Apple's $110 billion buyback authorisation announced in 2024.

"Nvidia's Board of Directors authorized a massive $150 billion increase to its share repurchase program, bringing its total remaining buyback firepower to $235 billion through fiscal 2028. This stands as the largest share buyback authorization in corporate history, superseding previous records," said Avinash Gorakshakar, ...