$NVIDIA (NVDA.US)$ Nvidia bought back $11 billion worth of s...

$NVIDIA (NVDA.US)$ Nvidia bought back $11 billion worth of shares in the third quarter, up 188% from the same period last year. Goldman Sachs said it is expected that the company “will gradually increase its share repurchases”, reaching a cumulative total of $181 billion by 2026.

Ben Reitzes (Ben Reitzes), managing director of Melius Research, said that Nvidia has a lot of cash in their hands, so “at some point they will have to buy back more shares.”

Rosenblatt Securities continues to set the highest Wall Street price target for Nvidia shares, raising it from the previous target price of $200 to $220. This means the stock could be up 50% from Thursday's closing price.