Nvidia Jumps on Extension Three-Year Repurchase Program Extension (NVDA)
3/17/2010-Shares of Nvidia (NASDAQ: NVDA) are trading 1.3% higher to $17.99 Wednesday after the company said it has extended its stock buyback program an additional three years.
The computer graphics-chip maker said the buyback authorization, under which it can repurchase up to $2.7 billion of its stock, now runs through May 2013.
Since the buyback program began in 2004, the company has spent $1.46 billion to buy back 90.9 million shares.
Write to Chip Brian at cbrian@tradethetrend.com
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