'So much cash': Nvidia stock jumps after largest share buyback ever

Nvidia stock popped in early trading after the AI hardware giant announced on Monday morning the largest share buyback in history and a new platform for AI safety guardrails. (NVDA ) Go deeper with AlphaSpace 230.33 +5.26 (+2.34%) As of 11:36:16 AM EDT. Market Open. The $150 billion stock buyback plan is the largest share repurchase authorization increase in history and brings the company's total buyback authorization to $235 billion. The move is a clear signal to the market that Nvidia management sees the stock as cheap. With a trailing price-to-earnings ratio of around 30, Nvidia is trading at its lowest valuation in about four years.