Nvidia Corp. authorized an additional $150 billion in share repurchases, raising its total buyback program to $235 billion2,3. The company said the increase marks the largest share repurchase authorization increase in history.
Nvidia Corp. expects to complete the remaining buyback through fiscal year 2028.
The buyback expansion is funded by the cash Nvidia Corp. generates as the dominant supplier of advanced chips used for AI infrastructure. CEO Jensen Huang framed the move in those terms: "NVIDIA's growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing," he said in a statement. "Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders. This authorization reflects our confidence in the long-term opportunity ahead".
Nvidia Corp. shares have climbed 24% over the past 12 months, lifting the company's market capitalization to $5.42 trillion. The stock was up 0.84% in premarket trading on Monday. Bloomberg reported NVDA is up 20% in 2026.
ANALYSIS A $235 billion total buyback authorization dwarfs the capital-return programs of other semiconductor companies and reflects the margin structure Nvidia Corp. has built atop AI accelerator demand. The decision to return this volume of capital while simultaneously funding next-generation chip development illustrates the scale of free cash flow the current AI infrastructure buildout is producing for the company.