New Delhi, Sept. 28 -- Chipmaking giant and 'Magnificent Seven' favourite Nvidia bolstered its share buyback authorisation by $150 billion, lifting the company's remaining buyback capacity to $235 billion.

On Monday, the company announced that its board of directors had increased the size of its buyback program by $150 billion, using its massive balance sheet to repurchase its own stock. The company expects to execute the total remaining program through fiscal year 2028.

The additional authorisation has surpassed Apple's $110 billion boost in 2024, marking the biggest-ever increase in a stock repurchase program.

"NVIDIA's growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing," said Jensen Huang...