Nvidia told investors on Monday that its board had approved an extra $150 billion to repurchase its own shares, lifting the company’s total remaining buyback authorization to $235 billion. Nvidia describes this as the largest single increase to a share repurchase authorization in the company’s history, a specific record about the size of the increase, not a claim that the buyback itself is the biggest ever conducted by any company. The company said it expects to spend down the full remaining pool by the end of fiscal 2028, which closes in late January.
A stock buyback is a company using its own cash to purchase shares on the open market, which reduces the number of shares outstanding and typically supports the stock price. For Nvidia, the announcement lands after a year in which its shares climbed 24 percent, pushing its market capitalization to $5.42 trillion. The stock rose a further 2.8 percent on Monday.
Chief executive Jensen Huang framed the move as a byproduct of cash flow rather than a signal about growth slowing. “NVIDIA’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing,” Huang said in the company’s statement. “Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders,” he added, calling the authorization a reflection of “our confidence in the long-term opportunity ahead.”
Speaking to CNBC’s Squawk Box the same day, Huang went further: “I think we’re going through the largest infrastructure build-out in human history, and we have the benefit of being a very central part of that.” He said Nvidia expects to keep returning cash to shareholders “every single year, as we generate more cash.” Huang made a separate forecast to CNBC earlier in September: Nvidia’s shipment volume will roughly double by 2027.
The buyback arrives inside a spending cycle Nvidia does not control alone. S&P Global Ratings projected in August, according to CNBC, that combined capital expenditure from the major cloud providers building AI data centers would top $1.3 trillion by 2027. That is a forecast about the industry’s biggest buyers, not a number Nvidia produced, but it is the demand backdrop against which Nvidia is deciding it has more cash than it needs to reinvest. Nvidia’s hardware lineup extends well past data centers. It builds the Grace Blackwell and Vera Rubin systems for AI computing, along with central processors and the switch and optical components that move data through networks. The same company makes chips sized for laptops and its Jetson line built for robotics and vehicles, and Nintendo’s Switch 2 runs on an Nvidia chip as well. That range means a slowdown in any single customer category would not by itself explain the size of this authorization.
A company that raises its buyback authorization is telling the market it expects to keep generating more cash than it can profitably deploy into its own growth, at least for now. For Nvidia, whose customers are the same hyperscalers projected to spend over a trillion dollars on AI infrastructure through 2027, that is a bet that its own supply position stays central to that build-out rather than eroded by competition from AMD, custom silicon, or a pullback in hyperscaler capex. Investors watching Nvidia’s next two earnings calls should track whether the pace of actual repurchases, not just the authorization, keeps up with the fiscal 2028 timeline Nvidia has set for itself.
Reported by CNBC (Kai Nicol-Schwarz) on 28 September 2026, citing Nvidia’s own statement and Jensen Huang’s remarks on CNBC’s Squawk Box.
