Nvidia Lifts Buyback Authorization to $235B — Who's Buying the New High?
Nvidia closed +1.34% at $233.95 Friday after an intraday record $237.88, market cap near $6T. No fresh news: the board added $150B to the buyback, authorization now $235B through Jan 2028. Chips rose: AMD +2.95% to $633.91, past $1T for the first time, +196% YTD; Broadcom +3.35% to $355.14. Intel alone fell -0.56% to $119.33. Bulls say $235B of buying cushions the price; bears say buybacks lift EPS, not next year's data-center orders — which $6T already assumes. When does a buyback stop being support?
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