Nvidia sets record with $150 billion increase in share buyback plan
The additional authorization takes the company's remaining buyback capacity to $235 billion through fiscal 2028.
Nvidia has boosted its share buyback authorization by $150 billion, surpassing Apple's $110 billion increase in 2024 and marking the largest-ever increase in a stock repurchase program.
The additional authorization brings Nvidia's remaining buyback capacity to $235 billion, which the company expects to use through fiscal 2028, as surging demand for AI training and inference drives strong cash generation.
"Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders," CEO Jensen Huang said.
Nvidia shares have gained more than 20% this year through Friday's close.
Last month, Nvidia forecast about 70% revenue growth for fiscal 2028, reassuring investors who have questioned how long the AI spending surge can last after years of explosive growth.
The company has also been investing in AI startups and cloud providers, drawing scrutiny from some investors over whether such funding indirectly supports demand for its own chips.
Nvidia ended the July quarter with $22.44 billion in cash and cash equivalents.
