Nvidia Approves $150 Billion Share Buyback Expansion, Lifting Total Program to $235 Billion

Nvidia has authorized a $150 billion expansion to its share repurchase program, raising its total buyback authorization to $235 billion. The massive capital return plan lifted Nvidia's shares by roughly 2%, after an initial 1.2% gain in premarket trading, providing support to peer chipmakers even as broader markets drifted lower. The announcement came amid broader market headwinds, with the Dow Jones, S&P 500, and Nasdaq falling alongside rising Treasury yields and higher crude oil prices driven by geopolitical tensions between the United States and Iran.