Nvidia Just Announced the Largest Stock Buyback Authorization Increase in History. Should You Buy the Stock?

Key Points A large share repurchase is usually a bullish indicator, suggesting a company is confident in its business and strategic direction. Nvidia is at the center of the artificial intelligence trade. The stock looks very attractive, but the AI trade remains murky. 10 stocks we like better than Nvidia › Fresh off nearly $20 billion of share repurchases in its most recent quarter, Nvidia (NASDAQ:NVDA) is hinting that there is a lot more to come. The company announced on Sept. 28 that its board of directors has authorized an additional $150 billion under its share repurchase program, bringing the remaining total authorization to $235 billion. Missed Nvidia in 2009? This Rare Signal Is Flashing Again.