10 Companies That Are Buying Back Their Stock in 2025

3. NVIDIA Corporation (NASDAQ:NVDA)

Q3 2024 buybacks: $12.68 billion

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) is a global leader in accelerated computing, best known for its cutting-edge GPUs that power gaming, AI, data centers, and autonomous systems. Originally dominant in gaming hardware, NVDA has expanded into high-performance computing, AI-driven applications, and enterprise solutions, with its GPUs playing a crucial role in AI model training, machine learning, and deep learning. The company’s innovations extend to industries such as autonomous vehicles, robotics, and digital twins. The California-based company ranked 2nd on our recent list of 10 Hot AI Stocks to Buy Now.

NVIDIA Corporation (NASDAQ:NVDA) was among the best performers and highest market movers during the calendar 2024, as demand for its state-of-the-art GPUs remained exceptional throughout the year. Companies scaled their infrastructure of GPUs to support next-generation AI models training, multimodal, and agentic AI, deep learning recommender engines, generative AI inference and content creation workloads, and hence sales of H200 chips increased significantly to double-digit billions, the fastest prod ramp in NVDA’s history. Going forward, the company is focusing on three major areas: digital health, digital biology, and digital devices, with digital biology representing a $300 billion opportunity. NVDA already announced significant partnerships with IQVIA to accelerate clinical trials, Arc Institute to develop biology foundation models, Illumina for genomics advancement, and Mayo Clinic for AI-driven digital pathology. The beauty of NVDA is that it’s not a capex-intensive business, meaning that it can pursue new growth opportunities with minimal incremental cash outflows. Consequently, the only viable option to dispose of its $28 billion operating cash flow during 2024 (more than 5x the 2023 level) is to return it to investors through discretionary stock repurchases.