Nvidia Authorizes Record $235 Billion Share Buyback Program
Nvidia increased its share-repurchase program by $150 billion, establishing the largest stock buyback in U.S. history.
Nvidia approved a $150 billion increase to its share-repurchase program on September 28, 2026, raising its total buyback authorization to $235 billion. This move marks the largest stock buyback in U.S. history, surpassing the $110 billion program Apple announced in May 2024.
The company intends to use this capacity through fiscal 2028, funded by cash generated from high demand for accelerated computing, AI training, and inference. Nvidia ended the July quarter with $22.44 billion in cash and cash equivalents and currently holds a market capitalization exceeding $5.4 trillion.
Chief Executive Jensen Huang stated that the company's cash generation gives it the capacity to invest in technologies that advance the AI transformation while returning capital to shareholders.
