Nvidia's record-breaking stock buyback

Apple used to be the leader in buying back shares. Now, Nvidia has broken the tech company’s record, announcing Monday that it would add $150 billion to its stock buyback program, on top of $80 billion pledged a few months ago. The chipmaker’s profits have continued to surge, as tech companies pour money into data centers and AI infrastructure. Is this a smart way for Nvidia to spend its money? More on Nvidia today, plus how a volunteer firefighter shortage is affecting a rural Wyoming county, why spending is predicted to soar this holiday season despite the energy crisis, and what economists are watching for in the jobs numbers coming out this week. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future. Read the stories in today’s episode: It's a big week for economic data. Here's what labor economists will be looking for. Nvidia's record stock buyback funded by cash from the data center boom There’s a national volunteer firefighter shortage. It’s on display in Wyoming Early retirement isn't always a choice Adobe forecasts record U.S. spending online this holiday season The mall isn't dead, yet