(RTTNews) - Shares of NVIDIA Corporation (NVDA) are gaining about 3 percent on Monday morning after the company announced that its Board has authorized an additional $150 billion under the company's existing share repurchase program, increasing the total remaining amount authorized to $235 billion. The company's shares are currently trading at $232.24 on the Nasdaq, up 3.18 percent. The stock opened at $229.70 and has climbed as high as $233.21 so far in today's session. Over the past year, it has traded in a range of $164.27 to $236.54. The company added that the authorization reflects its confidence in the long-term opportunity ahead. It expects to execute the total remaining program through fiscal year 2028.
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