Overview
- The board authorized the $150 billion increase on Sept. 28, lifting the remaining repurchase authorization to $235 billion and marking the largest single buyback increase on record.
- CEO Jensen Huang tied the move to robust revenue and free cash flow from AI data-center demand and said the company can both invest in technology and return capital to shareholders.
- Nvidia did not commit to a precise pace for repurchases and said it expects to execute the remaining authorization through fiscal 2028, which leaves markets watching how quickly the company will deploy the cash.
- Shares rose modestly after the announcement, climbing roughly 1%–3% in early trading, while analysts and critics flagged tradeoffs between buybacks and spending on R&D, compensation, or strategic investments.
- The increase builds on an $80 billion authorization in May and reflects broader trends in the AI hardware boom that have driven record revenue and made buybacks a prominent way for tech firms to return excess cash.