Nvidia's record buyback highlights cheap stock valuation as earnings soar

Nvidia authorized an additional $150 billion share buyback on top of an $80 billion May plan, as its fiscal 2028 price-to-earnings ratio dropped to 14.5, a decade low. Valued over $5.5 trillion with shares up 23% this year, CEO Jensen Huang's firm sees net income projected to reach nearly $385 billion in fiscal 2028, up 60% year-over-year.