NVIDIA Adds $150B to Buyback, Total Hits $235B

According to NVIDIA, the company’s Board of Directors on September 28 authorized an additional $150 billion for its existing share repurchase program, bringing the total remaining authorization to $235 billion. NVIDIA expects to execute the remaining program through fiscal 2028.

NVIDIA said the expanded repurchase authorization reflects its ability to generate cash while continuing to invest in technologies supporting the ongoing shift toward artificial intelligence (AI) and accelerated computing. Jensen Huang, NVIDIA’s founder and CEO, said the company’s growth is being driven by a “once-in-a-generation platform shift” toward AI and accelerated computing.

“Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders,” Huang said. He added that the new authorization reflects NVIDIA’s confidence in the long-term opportunities ahead.

For the semiconductor industry, NVIDIA’s announcement highlights how strong AI computing demand is influencing both technology investment and corporate capital allocation. The company continues to invest in GPUs, networking, accelerated computing and other technologies while using part of its cash generation for share repurchases.

The expanded program therefore represents two parallel priorities for NVIDIA: continuing investment in the hardware and computing technologies supporting the AI ecosystem, while returning capital to shareholders. NVIDIA’s latest announcement provides further insight into how the company is managing its cash generation amid the rapid expansion of AI computing.