Nvidia Announces Record $150 Billion Share Buyback Authorization
On September 28, Nvidia announced a record-breaking increase of $150 billion to its share repurchase authorization, bringing the total remaining buyback capacity to $235 billion. This move surpasses Apple's previous record set in 2024 and has been positively received by investors, with shares rising about 2% following the announcement. The company plans to use this amount over fiscal years 2026 through 2028, which would more than double its current buyback pace. Nvidia's free cash flow for the first half of fiscal 2027 was $69.9 billion — up 77% year-over-year — indicating strong financial health and supporting management’s confidence in future cash generation. Historically, both Apple and Nvidia have seen stock gains following large buyback authorizations. However, analysts suggest that the underlying business performance driving these profits may be more significant than the repurchase activity itself.
Topics: Apple Buyback Authorization Nvidia Stock Performance