Overview
- Nvidia’s board approved the $150 billion increase to its share-repurchase program on Sept. 28, 2026, lifting remaining authorization to $235 billion.
- The company says the boost is enabled by strong cash flow from AI and data-center demand and expects to execute the remaining repurchases through fiscal 2028.
- Nvidia reaffirmed a policy of returning roughly 50% of free cash flow to shareholders through dividends and buybacks while not specifying a precise buyback pace.
- Markets reacted modestly positive with shares rising about 1% in early trading and rivals AMD and Intel also ticking higher after the announcement.
- Buybacks shrink shares outstanding and raise per-share metrics, a common way to return capital that some investors warn can limit funds for R&D or strategic deals even as Nvidia says it will continue investing in AI technologies.