US Stock Market Move | The Board of Directors approved a $150 billion increase in the share repurchase program. NVIDIA Corporation (NVDA.US) rose more than 3%.

On Monday, NVIDIA Corporation (NVDA.US) rose more than 3%, trading at $232.51. According to news reports, NVIDIA Corporation announced that its board of directors has approved a $150 billion increase to its share repurchase program. Combined with the existing program, NVIDIA Corporation is now authorized to spend up to $235 billion on stock buybacks through January 2028. NVIDIA Corporation co-founder and CEO Jensen Huang said in a statement that the new program reflects the company's confidence in the "long-term opportunities ahead" in the AI sector. He emphasized that the platform transformation driven by AI and accelerated computing has brought business growth, and the company's strong cash flow generation capability enables it to return capital to shareholders while investing in advancing the technological transformation. As more and more investors begin to question the sustainability of the AI boom, this record-breaking capital return not only directly addresses market concerns but also highlights management's high degree of confidence in the monetization capability of its core business.