Nvidia announces $50 billion stock buyback

Nvidia said Wednesday that its board of directors has approved a $50 billion stock buyback.

The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and guidance that surpassed Wall Street expectations.

Nvidia returned $15.4 billion to shareholders in share repurposes and cash dividends as part of the company’s first half of its fiscal 2025. The company said it had $7.5 billion remaining under its share repurchase plan, as of the end of its fiscal second quarter.

Last year, Nvidia announced a $25 billion...