Economy
Nvidia shares surge following historic $150 billion buyback expansion
Livemint2h
THE BRIEF
1
Nvidia shares surged up to 3% on Friday, touching an intraday record high of $237.88 on NASDAQ before paring gains to close at $233.95.
2
The recent rally represents a 23% recovery from late-July lows, pushing the company's market value to approximately $5.6 trillion.
3
The rebound was further boosted by the company's board approving a record $150 billion increase to its share buyback programme and growing demand for AI agents.