Nvidia Board Approves Record $150 Billion Stock Buyback

Nvidia's board of directors approved a $150 billion increase to the company's stock buyback program on Monday, lifting its total remaining repurchase authorization to $235 billion, which the chipmaker described as the largest such authorization in its history.

The company said in a statement posted to its newsroom that it expects to execute the expanded program through the end of its 2028 fiscal year. Chief Executive Jensen Huang tied the move to the company's cash generation from surging demand for artificial intelligence chips. "NVIDIA's growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing," Huang said. "Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders."

The increase builds on a series of expansions to Nvidia's buyback program over the past year. The board approved an additional $60 billion in August 2025 and another $80 billion in May 2026, according to the company's quarterly filing with securities regulators. That filing shows Nvidia returned roughly $26 billion to shareholders through buybacks and dividends in its fiscal second quarter, which ended in late July.

Cash Flow Outpacing Spending

Nvidia's shares rose modestly, gaining roughly 1% in premarket trading, following the announcement, according to a market report from Yahoo Finance. Nvidia has become the largest single beneficiary of the current boom in data center spending by cloud computing companies and AI developers, supplying the graphics processors that underpin most large-scale AI model training.

The $235 billion in remaining authorized repurchases is not a spending commitment but a ceiling the company can draw against over time, subject to market conditions and other capital priorities. Coverage of the announcement, including additional detail on the size of the authorization relative to prior increases, was also published by GuruFocus, which noted the new figure surpasses buyback programs previously announced by other large technology companies.