Nvidia boosts share buyback by record $150B as AI boom fuels growth

Nvidia has increased its share buyback program by a record $150B, surpassing the $110 billion approval previously set by Apple in 2024. This massive financial move is driven by the ongoing AI boom, which continues to fuel the chip giant's growth. Additionally, Nvidia is expanding its operational scope beyond hardware by introducing a new AI security platform, signaling a strategic diversification of its product offerings while smashing previous stock-buyback records in the industry.