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

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.

$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.