Nvidia Stock Near Record After $150 Billion Buyback Authorization

Overview

• On Thursday the shares traded around $230, leaving the stock close to its all‑time closing high of $235.74 after strong year‑to‑date gains.
• The board approved a $150 billion fresh buyback on September 28, lifting remaining repurchase capacity to roughly $235 billion through fiscal 2028.
• Nvidia’s August quarter beat estimates with $2.22 in EPS and $96.22 billion in revenue, and the company guided to about 70% revenue growth for fiscal 2028.
• Insiders sold roughly $399.5 million of stock over the past 90 days, including large September disposals by director Mark Stevens and EVP Timothy Teter, which investors are watching as a governance signal.
• Key near‑term risks include reported supply and memory‑cost constraints and Nvidia’s financial ties to customers—most notably a pledged investment of up to $10 billion in Anthropic—which make the company’s November earnings and Anthropic’s reported IPO important demand and valuation readouts.