Nvidia Authorizes a Record $150 Billion in Stock Buybacks. The Real Prize Is Where the Rest of Its Cash Is Going.
Buybacks can signal that a company's best growth days are behind it, but that isn't the case with Nvidia.
Overview
Nvidia's (NASDAQ: NVDA) Board of Directors authorized a $150 billon increase to its share repurchase program, bringing the total to $235 billion. The announcement was the largest single stock buyback authorization in U.S. corporate history.
For context, Toyota Motor -- which sells more cars than any other manufacturer in the world -- has a market cap of $223 billion.
Details
Here's why Nvidia's buyback program is great news for investors, and why the bigger story is what Nvidia is doing with the rest of its cash.
Source
Originally published at www.fool.com.
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