News · September 29, 2026, 06:02 UTC · Verified against the sources listed below.
Nvidia announced on Monday, September 28, 2026, that its board of directors approved a $150 billion increase to the company’s share repurchase program. The Santa Clara, California-based chipmaker said the additional authorization brings its total buyback program to $235 billion.
According to the company, the increase is the largest share repurchase authorization increase in history. Nvidia said it expects to complete the total remaining buyback program through fiscal 2028, which ends in January 2028.
What happened
Nvidia’s board approved the $150 billion increase on Monday, September 28, 2026, according to the company. The authorization eclipses the $110 billion buyback Apple unveiled in May 2024, and it comes just four months after Nvidia’s board added $80 billion to the program.
CEO Jensen Huang said in a statement that Nvidia’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing. He added that the company’s cash generation gives it the capacity to invest in technologies advancing that transformation and to return capital to shareholders.
“This authorization reflects our confidence in the long-term opportunity ahead,” Huang said.
In an interview with CNBC on Monday, Huang said, “I think we’re going through the largest infrastructure build-out in human history, and we have the benefit of being a very central part of that.” He also said Nvidia expects to generate substantial cash in coming years and wants to return more of it to shareholders annually.
Nvidia stock rose 2.8% on Monday, according to CNBC, lifting the company’s market capitalization to $5.42 trillion. The stock had climbed 24% over the prior 12 months.
The buyback news followed Nvidia’s launch of its Open Agent Safety Platform, an open software platform aimed at enhancing the security of third-party systems deploying AI agents, according to Yahoo Finance. The platform launched with over 100 partners, including Anthropic, SpaceX, Microsoft, Oracle, and several major US banks, Business Insider reported.
Analysis: Why it matters for investors
A buyback reduces the number of shares outstanding, which can support earnings per share and offset share issuance from employee compensation, according to Business Insider. The size of Nvidia’s authorization signals that management views the company’s cash generation as sufficient to fund both AI expansion and shareholder returns.
Former Wall Street analyst David Bennett wrote on X.com that Nvidia already trades near 18.7 times forward earnings and that management is buying back stock at a multiple cheaper than most S&P 500 companies, according to Yahoo Finance. Bennett also noted that Nvidia generated $74.4 billion in operating cash flow in the first half of fiscal 2027 alone while returning $46.1 billion to shareholders.
Brian Sozzi, Executive Editor at Yahoo Finance, said on “Sozzi Unleashed” that Huang has issued a “mind-blowing” statement of confidence to the market. Sozzi said he believes Huang is frustrated with the company’s valuation and is putting $150 billion to work as a signal to investors.
These are analyst and commentator views, not guarantees of future performance. Buybacks can be executed at management’s discretion and may be slowed or halted.
Who is affected
Existing Nvidia shareholders are directly affected because the buyback reduces shares outstanding, which can boost earnings per share, according to Yahoo Finance. Investors considering Nvidia stock may be drawn to the company’s free cash flow despite heavy AI investments.
Nvidia’s buyback activity has far eclipsed similar efforts by other tech giants, including Apple, Alphabet, and Meta, according to Yahoo Finance. In fiscal year 2025, Nvidia repurchased approximately $34 billion in shares; in fiscal year 2026, buybacks climbed to over $40.4 billion; and in the first half of fiscal year 2027 through July 2026, the company bought back $39 billion in stock.
Nvidia reported $99 billion in cash and other liquid investments as of July 26, 2026, up from about $63 billion six months earlier, according to Business Insider. The company posted revenue of around $177.8 billion and nearly $70 billion in free cash flow for the first half of fiscal 2027, Morningstar reported.
What is still uncertain
The sources do not say the exact timing or pace of repurchases under the new authorization, nor whether the full $235 billion will ultimately be deployed. Nvidia said it expects to complete the remaining program through fiscal 2028, but buybacks are discretionary and can be adjusted.
It is also unclear how much of the buyback will offset employee share issuance versus reducing the total share count. The sources do not disclose the specific per-share price targets or valuation thresholds management may use.
Conclusion: What to watch next
Investors will watch Nvidia’s quarterly filings for the pace of repurchases under the expanded authorization and any updates on the expected completion timeline through fiscal 2028. The company’s cash flow generation, AI infrastructure demand, and hyperscaler capital expenditure trends will also be relevant context.
Combined hyperscaler capital expenditure is projected to exceed $1.3 trillion by 2027, according to S&P Global Ratings in August, as cited by CNBC. Huang said earlier in September that Nvidia would double the number of chips it sells in 2027, CNBC reported. These figures provide context for the scale of the AI build-out Nvidia is supplying.
Sources
- CNBC: Nvidia share buyback plan gets $150 billion boost (published 2026-09-28)
- Yahoo Finance: What Nvidia’s $150 billion stock buyback means for shareholders and potential investors (published 2026-09-28)
- Business Insider: Nvidia just greenlit the biggest buyback in stock market history (published 2026-09-28)
- Morningstar, Inc.: Nvidia Adds Record $150 Billion to Stock Buyback — Update (published 2026-09-28)
Sources accessed on September 29, 2026. Figures as reported by the sources above.
Frequently Asked Questions
How large is Nvidia's total stock buyback program?
Nvidia's board approved a $150 billion increase on September 28, 2026, bringing the total buyback authorization to $235 billion. The company said it expects to complete the remaining program through fiscal 2028, which ends in January 2028.
How does Nvidia's buyback compare with previous records?
The $150 billion increase is the largest share repurchase authorization increase in history, according to Nvidia. It eclipses the $110 billion buyback Apple unveiled in May 2024, and it comes four months after Nvidia's board added $80 billion to its program.
What did CEO Jensen Huang say about the buyback?
Huang said Nvidia's growth is driven by a once-in-a-generation platform shift to AI and accelerated computing, and that the company's cash generation lets it invest in technology while returning capital to shareholders. He said the authorization reflects confidence in the long-term opportunity ahead.
How much has Nvidia spent on buybacks in recent fiscal years?
Nvidia repurchased approximately $34 billion in fiscal 2025 and over $40.4 billion in fiscal 2026, according to Yahoo Finance. In the first half of fiscal 2027 through July 2026, the company bought back $39 billion in stock.
What other announcement did Nvidia make alongside the buyback?
Nvidia launched its Open Agent Safety Platform, an open software platform aimed at enhancing the security of third-party systems deploying AI agents. The platform launched with over 100 partners, including Anthropic, SpaceX, Microsoft, Oracle, and several major US banks.
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