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Nvidia's $50 Billion Share Buyback Is an Epically Bad Decision That Sends the Wrong Message to Wall Street and Investors

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Nvidia 's $50 billion share repurchase program sends the wrong message to shareholders.

The company's board authorized a mammoth buyback during a period of unprecedented insider selling activity.

Nvidia 's CEO sold 4.8 million shares of his company's stock over 20 trading sessions totaling nearly $580 .

Nvidia ended the fiscal second quarter with "only" $34.8 billion in cash, cash equivalents, and marketable securities in its treasure chest.

$50 billion in share buybacks at Nvidia 's closing price on Aug. 29 would only reduce its outstanding share count by (drum roll) 1.62% ! That's a lot money to have virtually no impact on EPS .

The company's share buyback program has no end date.

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