Nvidia Partners up with Goldman to Repurchase $750 Million Worth of its Shares

Nvidia

has announced that it has set up an accelerated share repurchase agreement with Goldman Sachs, allowing it to repurchase $750 of its stock. The buy back is part of its plan to eventually return over $1 billion to shareholders. The company has a market cap of $8.8 billion. Shares increased 1.76% to 14.59 in the premarket.