NVIDIA Adds $150 Billion to Share Buyback as Remaining Authorization Hits $235 Billion
NVIDIA is dramatically expanding its stock buyback program, with the company’s board authorizing an additional $150 billion in share repurchases.
The September 28 announcement raises NVIDIA’s total remaining share repurchase authorization to $235 billion, giving the AI chipmaker substantial additional capacity to return cash to shareholders. NVIDIA said it expects to execute the remaining program through fiscal 2028.
The $150 billion increase is the largest share repurchase authorization increase in NVIDIA’s history. Reuters reported that the authorization also surpasses Apple’s $110 billion buyback authorization approved in 2024, putting NVIDIA’s latest move among the largest corporate repurchase authorizations on record.
NVIDIA expands its buyback program
NVIDIA said its Board of Directors approved the additional authorization under the company’s existing share repurchase program.
The important distinction is that the $235 billion represents authorized capacity, not money NVIDIA has already spent buying shares. The company said it expects to use the remaining authorization through fiscal 2028, meaning actual repurchases can occur over time rather than all at once.
The move comes as NVIDIA continues to generate significant cash from demand for its AI and accelerated-computing platforms.
NVIDIA’s most recent quarterly results showed the scale of that business. For the second quarter of fiscal 2027, the company reported $96.2 billion in revenue and $59.7 billion in GAAP net income, while returning approximately $26 billion to shareholders through stock repurchases and cash dividends during the quarter.
What Jensen Huang said
NVIDIA founder and CEO Jensen Huang linked the decision to the company’s expectations for continued AI-driven growth.
“NVIDIA’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing,” Huang said in the company’s announcement.
He added that NVIDIA’s cash generation gives it the ability to continue investing in technologies supporting the AI transformation while also returning capital to shareholders.
The company described the authorization as reflecting its confidence in the long-term opportunity ahead. Those comments are forward-looking statements and remain subject to the risks and uncertainties outlined in NVIDIA’s filings.
What the $235 billion authorization means
A share repurchase authorization gives a company permission from its board to buy back its own shares. It does not require the company to purchase the entire authorized amount.
For NVIDIA shareholders, the enlarged authorization creates additional capacity for the company to return capital through buybacks while continuing to fund its business and investments.
When companies repurchase shares, the number of shares outstanding can decline if the repurchased shares are retired or otherwise removed from circulation. That can affect per-share financial measures, although the actual impact depends on the timing and amount of repurchases, share issuance and other factors.
NVIDIA has already been using substantial amounts of cash for shareholder returns. The company said it returned approximately $26 billion through repurchases and dividends during fiscal 2027’s second quarter.
Why NVIDIA’s announcement matters
The size of the new authorization highlights how NVIDIA is balancing two priorities: continuing to invest heavily in the AI infrastructure boom while returning capital to shareholders.
The company has described AI and accelerated computing as major drivers of its growth. At the same time, its latest buyback authorization provides a much larger pool of capital that can potentially be used for future repurchases.
Reuters reported that NVIDIA shares rose nearly 2% after the announcement in Monday trading, while noting that the stock had already gained more than 20% through the previous Friday’s close. Stock-market movements can change throughout the trading session, however, and the buyback authorization itself does not guarantee a particular share-price outcome.
What happens next
NVIDIA expects to execute the remaining $235 billion authorization through fiscal 2028.
The company will still have to determine the timing and amount of individual repurchases. Its forward-looking statements also note that economic and political conditions, competition, technological developments, manufacturing dependencies, market demand and regulatory changes could affect its future results.
For now, the key development is clear: NVIDIA has added another $150 billion to its existing buyback authorization, giving the company a total of $235 billion in remaining authorized repurchases as it continues to invest around the rapidly expanding AI computing market.
