Nvidia readies a bigger buyback push after a $1 trillion drop

NVDA has shed roughly $1 trillion in market value since its May peak and now trades around 18x forward earnings, cheaper than the S&P 500. Nvidia says it may accelerate buybacks, expanding its capital-return program with an $80 billion plan plus $39 billion remaining, and has boosted the dividend. While margin pressure and competition remain headwinds, bulls see buybacks as a floor and a tool to support the AI infrastructure story.