Nvidia authorizes $150 billion share buyback, the largest increase in its history
Micron Technology reported fourth‑quarter revenue and earnings that beat analysts’ expectations, driven by continued AI‑related demand for high‑bandwidth memory and data‑center products. The chipmaker said it would announce a share‑buyback by the December deadline tied to the CHIPS Act funding expiration, though the market reaction was muted and the stock slipped 3.4% over the week.
Key points
- Nvidia board approved a $150 billion increase to its share repurchase program, raising total authorization to $235 billion through fiscal 2028.
- Micron posted Q4 revenue and earnings ahead of expectations, citing AI‑driven demand for high‑bandwidth memory; its stock fell 3.4% week.
- OpenAI launched “dots”, an agent‑like AI capability to compete with Meta’s Muse assistant across tasks and workflows.
Nvidia’s board approved a $150 billion increase to its share‑repurchase program, lifting the remaining authorization to $235 billion and marking the largest buyback expansion in the company’s history. The program runs through fiscal 2028, which ends in January 2028, and the news helped lift Nvidia’s shares 2.6% for the week, extending a three‑week winning streak.
In the consumer‑AI arena, OpenAI unveiled “dots,” a new capability that aims to give users more useful, agent‑like assistance across tasks and workflows. The launch positions OpenAI directly against Meta’s Muse AI assistant, which has received strong early feedback for its integrations and consumer‑focused experience, intensifying the race to turn AI assistants into everyday digital products.
The story so far
2 episodes →- Nvidia authorizes $150 billion share buyback, the largest increase in its historythis story
Stocktwits AI Roundup: Micron’s Blowout Quarter, Nvidia’s $150B Buyback And The Race For AI Agents
finance.yahoo.com · 1 October 2026
Loading the full article…
This text was published by finance.yahoo.com and written by Yuvraj Malik. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Business & Funding
All →- Anthropic may begin IPO marketing in week of nov. 9, 2026 · 2 src
- Trump's investment team sold up to $25M in Amazon and Microsoft · 1 src
- Amazon explores $8 billion deal to move Nvidia chips to special‑purpose vehicle · 2 src
- Nvidia seeks Wall Street partnerships to finance AI boom with $500B capital target · 9 src
- Trump may pursue ownership stake in OpenAI and Anthropic, report says · 1 src
Comments
via GitHub Discussions