Overview
- Nvidia’s board on Monday authorized an additional $150 billion for its share‑repurchase program, raising the remaining authorization to $235 billion and topping prior U.S. buyback increases.
- CEO Jensen Huang said the move reflects confidence in a long‑term AI and accelerated‑computing market that has driven very large revenue and free‑cash‑flow gains for the company.
- Nvidia told investors it plans to execute the remaining repurchases through fiscal 2028, but it did not give a specific pace for how quickly the company will spend the authorization.
- Shares moved higher in early trading after the announcement, while analysts and investors raised questions about whether buybacks or extra strategic investments would better use the company’s cash.
- The expansion draws on Nvidia’s recent data‑center revenue and cash surge and poses practical limits and second‑order effects, including the challenge of meaningfully shrinking share count against a multi‑trillion dollar market cap and the governance debate over funding AI partners and startups.