• Nvidia said 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.
  • In May, Apple announced a $110 billion stock buyback as part of its fiscal second-quarter results.

Nvidia announced that its board has approved a massive $50 billion stock buyback, as part of its fiscal second-quarter earnings report. This move comes after the computer chip giant returned $15.4 billion to shareholders through share repurchases and dividends in the first half of its fiscal 2025.

Despite solid financial results, with second-quarter sales up 122% year over year to $30.04 billion and net income surging 168% to $16.6 billion, Nvidia’s shares dipped 4% in extended trading. Some experts suggest that Nvidia’s consistent outperformance may be making it harder to continue impressing investors.

Key Figures and Future Projections

Nvidia’s guidance for the third quarter projects sales of approximately $32.5 billion, exceeding analysts’ estimates of $31.7 billion. This announcement follows last year’s $25 billion stock buyback, further solidifying Nvidia’s commitment to returning value to its shareholders.