Nvidia unveils record $150 billion stock buyback plan
News Source : Yahoo Entertainment
News Summary
- The king of AI chips revealed a stunning new $150 billion stock buyback plan on Monday.
- Nvidia's forward price-to-earnings (P/E) multiple has declined steadily since August 2024, when artificial intelligence began to take hold.
- The forward P/E ratio for Nvidia currently stands at 24 times, not too far removed from the S&P 500's ( ^GSPC ) 20-times multiple, despite the company being one of the fastest-growing companies in corporate America.
The valuation on Nvidia (NVDA) is too appetizing for CEO Jensen Huang to ignore any longer.
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