Bill Draper began funding start-ups in the early 1960s, when the Santa Clara Valley was better known for apricot orchards than microchips. He has died at 98.
The increase comes four months after the chip giant added $80 billion to its buyback program, bringing the total remaining authorized amount to $235 billion.
Jensen Huang, chief executive of Nvidia, has led the company as its stock price has skyrocketed amid the explosion in demand chips that are the centerpiece of giant A.I. data centers.