Nvidia Announces $150 Billion in Additional Stock Buybacks
On September 28, 2026, Nvidia (NVDA) announced an additional $150 billion in stock buybacks, increasing its remaining repurchase allowance to $235 billion. This move signals strong confidence from management about the company's long-term growth and cash generation capabilities amid a broader market focus on AI spending sustainability. The decision comes as Nvidia continues to deliver exceptional financial performance, with Q2 sales surging 106% year-over-year to $96.2 billion and Data Center revenue rising by 117%. The company's adjusted earnings per share increased by 120%, supported by a gross margin of 75%. Despite the large buyback authorization, it represents only about 2.7% of Nvidia’s market cap. While the move bolsters investor confidence in capital returns and operational strength, actual execution—such as how quickly shares are repurchased and at what price—will determine its impact on earnings per share and shareholder value.
Tickers: $NVDA
Topics: AI capital_allocation shareholder_returns