Nvidia Expands Share Buyback Program by $150B, Pushing Total Authorization to $235B
Nvidia has announced a massive $150 billion expansion to its share repurchase program, lifting the total value of its buyback authorization to $235 billion. The aggressive move underscores the semiconductor giant's robust cash generation and its sustained dominance across the global artificial intelligence landscape.
The company stated that this latest authorization marks the single largest increase to a share buyback program in its corporate history, adding that it expects to fully execute the remaining balance by the end of fiscal year 2028.
The decision comes as Nvidia continues to capitalize heavily on the unprecedented surge in global capital expenditure dedicated to AI infrastructure, with relentless demand for its advanced GPUs powering hyperscale data centers and cutting-edge generative AI models.
Nvidia’s stock has surged roughly 24% over the trailing twelve months, catapulting the chipmaker’s market capitalization to approximately $5.42 trillion. Shares also ticked up 0.84% in pre-market trading on Monday following the announcement.
Jensen Huang, Founder and CEO of Nvidia, noted that the company’s extraordinary growth remains tied to the accelerating shift toward artificial intelligence and accelerated computing. He highlighted that Nvidia's strong cash flow provides the financial flexibility to aggressively invest in next-generation technologies enabling this transformation, while simultaneously returning substantial capital to shareholders.
Under the expanded repurchase program, Nvidia will deploy a portion of its balance sheet liquidity to buy back its publicly traded shares in the open market, reducing total shares outstanding and enhancing per-share value for existing investors.
The announcement coincides with Nvidia’s continued heavy capital investments to meet the soaring demand for AI hardware, as leading technology companies and cloud service providers race to build out the computational capacity needed to train and run increasingly complex frontier models.
Raising the buyback ceiling to $235 billion serves as a clear testament to the scale of free cash flow Nvidia anticipates generating, driven by the structural expansion of its data center, chip design, and enterprise AI ecosystems.