Nvidia Approves Record $150 Billion Share Buyback

Nvidia just approved another giant chunk for its share buyback program: $150 billion more, on top of what was already there. Put together, the company says it could spend up to $235 billion repurchasing its own shares through the end of fiscal 2028.

That’s an eye-catching number even by Nvidia standards. The company has become the poster child for the AI buildout, with cloud giants and data-center operators racing to buy accelerators, processors, and memory in bulk. Nvidia’s chips sit underneath the large language models behind ChatGPT, Claude, and Gemini, which gives the company a direct line into the current rush for AI infrastructure.

Jensen Huang framed the buyback as a sign of strength, saying Nvidia’s growth comes from a “once-in-a-generation” shift toward AI and accelerated computing. The company says its cash generation lets it both fund the technologies behind that shift and return money to shareholders.

But buybacks of this size can carry a second message. The Financial Times notes that they often signal management thinks the stock is cheap, while also fitting a pattern seen at big, mature companies when growth starts to slow. Nvidia was the first company to hit a $5 trillion market value at the end of April, and its share price has risen thirteenfold since the end of 2022. Still, the pace has cooled this year, with the stock up about 20 percent so far.