Nvidia Adds $150 Billion to Share Buyback, Raising Authorization to $235 Billion

Nvidia expects to finish the remaining program through fiscal 2028, while its CEO says the company can still invest in AI technology.

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Nvidia Adds $150 Billion to Share Buyback, Raising Authorization to $235 Billion
Nvidia Adds $150 Billion to Share Buyback, Raising Authorization to $235 Billion

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Nvidia has added another $150 billion to its share buyback authorization, bringing the total to $235 billion. That is permission to repurchase shares, not money already spent. The company says it expects to finish the remaining program by fiscal 2028, but it has not laid out how much it will buy in any particular year. The pace of actual purchases is still the key test of what this plan delivers to shareholders. Nvidia called the increase the largest expansion of a buyback authorization in history. That description refers to the newly approved $150 billion, not to completed purchases. CEO Jensen Huang says the company’s cash generation lets it return money to shareholders while continuing to invest in AI technology. Nvidia’s business spans more than the graphics processors used in AI systems: it also makes central processors and networking chips, along with chips for laptops, robots, cars, and game consoles. The announcement comes after Nvidia shares rose 24% over the past year, giving the company a reported market value of $5.42 trillion. Huang has also forecast that Nvidia will double the number of chips it sells in 2027. That is a forecast across its broader chip portfolio, not a reported shipment result. Investors are left weighing both claims: whether sales meet that expectation, and how much of the authorized buyback Nvidia actually carries out by fiscal 2028.

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3 key points

Nvidia’s capital-return plan now has a $235 billion ceiling, but the expanded authorization does not mean the company has spent that amount—or set a yearly repurchase schedule. Nvidia expects to complete the remaining program by fiscal 2028, leaving actual purchases as the test of how much cash reaches shareholders. CEO Jensen Huang argues the company can fund buybacks while investing in its chip portfolio;...

  1. 01

    The $150 billion increase is the largest expansion of a buyback authorization in history, according to Nvidia—not a record of completed purchases.

  2. 02

    Nvidia shares were up 24% over 12 months, putting its market value at $5.42 trillion, CNBC reported.

  3. 03

    Huang’s September 2027 sales forecast covers Nvidia’s broad chip portfolio; it is not a reported shipment result.

Nvidia has authorized another $150 billion for share repurchases, taking its total buyback authorization to $235 billion. The decision gives the chipmaker more room to return cash to shareholders while it invests in AI technology. How much it buys, and when, remains a future test of the plan.

The authorization is not the purchase

The $150 billion is an increase in what Nvidia may spend on buybacks, not a record of shares already purchased. Nvidia expects to complete its total remaining program through fiscal 2028. That sets out the company’s intended timeframe, but does not specify how much it will repurchase in any particular year.

Nvidia called the addition the largest increase in share repurchase authorization in history. That is the company’s characterization of this decision, rather than a claim that it has completed a record buyback. Its planned purchases are the next measure of what the authorization delivers.

Two figures, different meanings
$150 billionNewly authorized

Nvidia added this amount to its share buyback authorization.

$235 billionTotal authorization

This is the total authorization after the increase, not the size of Monday’s addition.

Huang’s case for returning cash

CEO Jensen Huang said Nvidia’s cash generation gives it the capacity both to invest in technology and to return capital to shareholders. He described the authorization as a sign of confidence in the long-term opportunity for AI and accelerated computing. His argument is that the buyback need not displace investment in Nvidia’s products.

That business extends beyond the graphics processors used in AI systems. Nvidia also sells central processors and networking chips, as well as chips for laptops, robots, cars and game consoles. The breadth matters when weighing Huang’s confidence: future demand for Nvidia chips is not a single-product question.

A rising stock and a sales forecast

Nvidia shares had climbed 24% over the preceding 12 months, giving the company a market value of $5.42 trillion, CNBC reported. The stock was up 1.24% in premarket trading Monday. Those market snapshots show the backdrop to the decision, but neither tells investors how the buyback will proceed.

Earlier in September, Huang said Nvidia would double the number of chips it sells in 2027. It is a forecast about a broad chip portfolio, not a shipment result. Alongside the buyback, it leaves investors assessing two parts of Nvidia’s outlook: whether sales meet Huang’s expectation and whether the company carries out its intended repurchases.

Sources

  1. cnbc.comNvidia share buyback plan gets $150 billion boost

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