By Reuters
Publication Date: 2026-09-29 20:35:00
STORY: Nvidia on Monday boosted its share buyback ?authorization by a record $150 billion, eclipsing Apple’s $110 billion approval in 2024, making a big bet on its own stock as intensifying AI-chip competition weighs on its performance relative to peers.
“You’re talking about a company that’s projecting to grow sales 70% next year, which is many multiples of the average expectation for the market,” Mussio said.
“On the other side, there is a little bit of a reckoning happening on the more defensive sectors that have kind of traded up with the market of these rich multiples,” he noted.
