Nvidia has authorised a record $150bn increase to its buyback programme, a record buyback increase according to Reuters, even as its shares trade near their cheapest valuation in over a decade.
Nvidia (NASDAQ: NVDA), the chipmaker at the centre of the AI infrastructure boom, has authorised a further $150bn for share buybacks, taking its remaining repurchase capacity to $235bn. Reuters described the increase as a record, eclipsing Apple’s $110bn 2024 authorisation.
Nvidia shares were trading at $230.355 in morning dealing on Wall Street today, up 2.35% from Friday’s close of $225.07, having climbed as high as $233.21 intraday. That places the stock close to its 52-week high of $236.0006, having also traded as low as $163.8954 over the past year.
The board’s approval, to be used through fiscal 2028, follows an $80bn authorisation Nvidia announced in May 2026. Reuters noted the $150bn increase alone exceeds the market capitalisation of roughly 84% of S&P 500 constituents, underlining the scale of the cash Nvidia now generates from AI chip demand. Nvidia ended its most recent quarter, the three months to July 2026, with $22.44bn in cash and cash equivalents on its balance sheet.
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The buyback lands as Nvidia shares trade at about 16.5 times forward earnings, the lowest multiple since January 2015 and well below the stock’s 15-year average of around 30 times, even as the company has forecast roughly 70% revenue growth for fiscal 2028. Chief executive Jensen Huang tied the decision directly to that cash generation.
Nvidia’s $150bn buyback increase compared with Apple’s prior $110bn record, Nvidia’s new $235bn total authorisation, and its $22.44bn cash pile as of the quarter ended 31 July 2026.
Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders.
Jensen Huang, CEO, Nvidia
The reaction stood out against the rest of the chip sector today, where Arm, Micron, Intel and AMD all fell on unrelated concerns about AI safety. Nvidia’s own market capitalisation stood at approximately $5.43 trillion at the time of the announcement, making the buyback a rare case of a mega-cap raising shareholder returns while still funding heavy AI infrastructure spending.
The $235bn authorisation now runs through fiscal 2028, giving Nvidia multiple years to execute it depending on how the shares trade against that depressed earnings multiple.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
