Nvidia Authorizes Additional $150 Billion Buyback, Total Reaches $235 Billion

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3▲4 ▼0Impact / 5
Summary · why it matters

Nvidia authorized an additional $150 billion for its share buyback program, bringing the total authorization to $235 billion, and the graphics chip designer's shares rose 2.7% on Monday. Pacific Biosciences of California climbed 5.8% after genomics provider Sampled announced a five-year contract worth up to $27.1 million from the U.S. Department of Veterans Affairs to support research using PacBio Revio sequencing systems. Palo Alto Networks gained 5.1% after BTIG raised its price target on the cybersecurity platform provider to $425 from $404 and reiterated a Buy rating following discussions with management. Teleflex rose 4.5% after BofA Securities upgraded the medical technology company's stock from Neutral to Buy and raised its price target.

Impact on assets 6

Artificial Intelligence▲ · 1 stocks
NVIDIA Corporation
NVDA
▲ PositiveCapitalrelevance

Nvidia authorized an additional $150 billion share buyback, bringing total authorization to $235 billion.

Cybersecurity & Digital Trust▲ · 1 stocks
Palo Alto Networks Inc
PANW
▲ PositiveCapitalrelevance

BTIG raised its price target on Palo Alto Networks to $425 from $404 and reiterated a Buy rating.

Health Care▲ · 1 stocks
Teleflex Incorporated
TFX
▲ PositiveCapitalrelevance

BofA Securities upgraded Teleflex from Neutral to Buy and raised its price target.

Biotech & Genomic Medicine▲ · 1 stocks
Pacific Biosciences of California
PACB
▲ PositiveDemandrelevance

Sampled announced a five-year contract worth up to $27.1 million from the VA to support research using PacBio Revio sequencing systems.

Financials▲ · 1 stocks
Semiconductors▲ · 1 stocks

Off-coverage companies 2

BTIG, LLCPrivate± Mixed
relevance

SampledPrivate± Mixed
relevance