Overview
- Nvidia’s board approved the $150 billion increase on Sept. 28, raising remaining repurchase authorization to $235 billion and calling it the largest single buyback increase in corporate history.
- The company and CEO Jensen Huang tied the authorization to robust cash generation from AI and data-center demand and said the program will be funded and carried out through fiscal 2028.
- Markets gave the news a modest boost with shares up about 1–3% in early trading as investors focused on how repurchases will affect shares outstanding and earnings per share.
- Analysts note the authorization is a ceiling not a promise and that the key questions are the pace of actual repurchases, how much cash is retained for R&D and capex, and the risk from rivals and hyperscaler custom chips.
- The move builds on earlier increases this year and surpasses Apple’s $110 billion benchmark, highlighting a wider debate over whether returning massive cash to shareholders is better than funding future AI investments.