Nvidia Adds $150 Billion to Buyback; BofA Flags Five Buy-Rated Stocks on Sale
Nvidia raised its buyback authorization by $150 billion to $235 billion, the largest increase in history by its own account. Separately, Bank of America named Nvidia and four other buy-rated stocks it sees as attractive on weakness.
Nvidia's ($NVDA) board authorized an additional $150 billion for share repurchases on Monday, raising the total remaining authorization under its existing program to $235 billion. Nvidia described the increase as the largest share repurchase authorization increase in history.
Structure: the money is added to the existing repurchase program, not a separate one. The $235 billion total implies roughly $85 billion was left before the increase.
Timeline: Nvidia expects to complete the full remaining authorization through fiscal year 2028.
Rationale: CEO Jensen Huang said the company's growth is driven by a "once-in-a-generation platform shift" to AI and accelerated computing, and that its cash generation supports both technology investment and returns to shareholders.
Separately: BofA's buy-rated stocks "on sale"
Bank of America has also flagged Nvidia among several buy-rated stocks it says investors should buy on weakness, according to a CNBC Pro screen of the bank's research.
| Stock | BofA view | Key point |
|---|---|---|
| Nvidia (NVDA) | Buy, $350 objective | AI compute and networking position; risks include AI project timing, gaming cyclicality, and power access |
| Natural Grocers (NGVC) | Initiated at Buy, $35 target | Analyst Vicky Liu sees store growth and margin gains the market underestimates |
| Dutch Bros (BROS) | Buy | Analyst Sara Senatore says sales-comparison and drive-through competition worries have weighed disproportionately on valuation |
| Lyntris (LYNX) | Initiated at Buy | Analyst Ronald Epstein cites demand across space, maritime, and air defense |
| Thor Industries (THO) | Buy | Potential market-share gains, margin initiatives, and a possible trough in RV unit sales |
This platform, including MarketCatalyst LLC, is not a registered investment advisor and doesn't manage client assets. Content here is for informational and educational purposes only — not investment advice, and not a stock-picking or trade-alert service. Trading stocks and options carries risk, including possible loss of principal. Consider your own goals, time horizon, and risk tolerance, and consult a qualified financial advisor before making any investment decisions.