Nvidia Corporation expanded its share repurchase authorization to $235 billion, signaling a significant capital allocation shift. Repurchase capacity now covers 4.3% of NVDA's market cap, with total repurchases projected at nearly $290 billion through FY28. Base case price target rises to $367, with an upbeat target of $496.40, reflecting a 5% and 3% increase, respectively, from the expanded buyback.
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