Nvidia boosts share buyback program by record $150B
SiliconANGLE Maria Deutscher
Nvidia added $150B to its buyback plan through January 2028. It’s the biggest stock repurchase expansion ever, and it comes with a higher dividend next.
Based on reporting by SiliconANGLE, Maria Deutscher — read the original for the full story.
Summary, retelling and take written by AI under human oversight; images are AI-generated illustrations. How we work · Report an error
Nvidia just handed itself a massive new tool for returning cash to shareholders: an extra $150 billion for buybacks, running through January 2028. The company says that is the largest expansion of a repurchase program ever. It also plans to raise its quarterly dividend from 25 cents a share, though it didn’t say by how much or when.
The timing makes sense if you’ve been watching Nvidia’s numbers. Revenue is still surging, adjusted profit and sales more than doubled in the latest quarter, and the company ended fiscal second quarter with $22.44 billion in cash and cash equivalents. Chief Executive Jensen Huang framed the move as a sign of confidence, saying Nvidia has the cash to keep investing while also sending money back to investors.
Wall Street may have been a little too cautious, too. Chief Financial Officer Colette Kress said Nvidia expects sales to rise another 70% in fiscal 2028, well above the 40% analysts were expecting. That growth story is no longer just about graphics processors. Five years ago, Nvidia’s data center business was almost all GPUs. Now it includes CPUs, networking gear and other products as the company pushes deeper into the infrastructure around AI.
Nvidia is also leaning on a less discussed source of upside: its startup and public-company stakes. It said its portfolio covers 13 public companies and 229 private startups, and that exits have already produced more than a threefold return on investment. The coming IPOs of Anthropic and OpenAI could add more fuel. Nvidia backed Anthropic with a $10 billion commitment last November and participated in OpenAI’s $30 billion February deal, both of which now look even more valuable if those companies go public at the valuations being reported.
My take — AI-written commentary, not fact-checked reporting
This is what cash-rich AI looks like when the hype turns into a balance sheet. Nvidia isn’t acting like a company that needs to prove itself anymore; it’s acting like one that knows everyone else still needs its chips. The real tell is the buyback: when a firm can toss around record repurchases and still talk about more growth, the market has already done the worshipping for it.
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