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Nvidia Boosts Share Buyback by $150 Billion Amid AI Boom
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CNBC TV18•28-09-2026, 16:52
Nvidia Boosts Share Buyback by $150 Billion Amid AI Boom
- •Nvidia has added $150 billion to its existing share repurchase plan, marking the largest increase in authorization on record.
- •This additional authorization brings the total remaining amount to $235 billion, expected to be executed through fiscal year 2028.
- •Shares of Nvidia rose 1.7% in premarket trading following the announcement.
- •The company has significantly benefited from the AI boom, with high demand for its chips driving rapid revenue growth.
- •CEO Jensen Huang stated that Nvidia's growth is fueled by a generational platform shift to AI and accelerated computing.
Key Questions Answered
The additional authorization of $150 billion brings Nvidia's total remaining authorized amount for its share repurchase plan to $235 billion, which the company expects to execute through fiscal year 2028.
Nvidia's growth is being driven by a once-in-a-generation platform shift to artificial intelligence and accelerated computing, with high global demand for its chips powering rapid revenue expansion.
Shares of the Santa Clara, California-based chip giant rose 1.7% in premarket trading following the announcement of the increased share repurchase authorization.
