The CSOP 2x Long NVIDIA ETP (07788) climbed nearly 5%, rising 4.92% to HK$181.35 as of press time, with a turnover of HK$159,400.

On the news front, NVIDIA (NVDA.US)'s board of directors recently approved an additional $150 billion increase to its share repurchase program. Combined with its existing plan, NVIDIA is now authorized to deploy up to $235 billion for stock buybacks through January 2028.

NVIDIA's $150 billion authorization breaks the previous record of $110 billion set by Apple in 2024 for the largest U.S. corporate buyback.

NVIDIA co-founder and CEO Jensen Huang said in a statement on Monday that the new plan reflects the company's confidence in the "long-term opportunities ahead" in the AI sector. He emphasized that the platform transformation driven by AI and accelerated computing has fueled business growth, and the company's strong cash flow generation capacity enables it to return capital to shareholders while investing in advancing the technological transition.