Jensen Huang Just Gave Investors 150 Billion Reasons to Buy Nvidia Stock

Key Points Nvidia has been using excess cash flow to buy back stock throughout the artificial intelligence (AI) revolution. The new $150 billion repurchase program brings the company's total authorization to $235 billion. Nvidia's stock buybacks signal management's confidence in sustained AI-driven growth. 10 stocks we like better than Nvidia › Four years ago, Nvidia (NASDAQ: NVDA) became synonymous with artificial intelligence (AI) nearly overnight. At the time, the company's graphics processing units (GPUs) were the only widely available hardware that could train and run the generative models big tech suddenly needed.