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Nvidia Adds $150 Billion to Share Buyback, Raising Authorization to $235 Billion

Nvidia authorized an additional $150 billion for share repurchases, lifting the program to $235 billion in the largest such increase on record, citing confidence in AI-driven demand.

AI News Feed · 2026-09-29 00:26

The chipmaker said it expects to complete the remaining buyback program through fiscal year 2028.

Nvidia shares have climbed 24% over the past 12 months, lifting the company's market capitalization to $5.42 trillion. The stock was up 1.24% in premarket trading on Monday.

"NVIDIA's growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing," Chief Executive Jensen Huang said in a statement. "Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders. This authorization reflects our confidence in the long-term opportunity ahead."

The buyback increase comes as spending on the infrastructure needed to run AI continues to expand. Combined hyperscaler capital expenditure is projected to exceed $1.3 trillion by 2027, S&P Global Ratings said in August, as companies race to build AI infrastructure including data centers. Huang said earlier this month that Nvidia would double the number of chips it sells in 2027.

Nvidia makes the most advanced chips used for AI and has been a major beneficiary of that spending boom. Beyond graphics processing units, including its Grace Blackwell and Vera Rubin systems, the company produces central processors, switch chips, chips for optical networking, chips for laptops, Jetson chips for robots and cars, and the chip inside Nintendo's Switch 2 gaming console.

"I think we're going through the largest infrastructure buildout in human history, and we have the benefit of being a very central part of that," Huang told CNBC's "Squawk Box" on Monday. "We're going to generate a lot of cash in the coming years, and every single year, as we generate more cash, we'd like to be able to return it back to shareholders," he said.