WORLD
Nvidia raises share buyback plan by record $150 billion, signals more firepower ahead
- IBJ Bureau
- Sep 29, 2026
Nvidia has boosted its share buyback authorisation by a record $150 billion, eclipsing Apple’s $110-billion approval in 2024.
With this, Nvidia is betting big on its own stock as intensifying AI-chip competition weighs on its performance relative to its peers.
Technology companies are racing to build AI infrastructure, but investors are questioning whether the massive spending boom that propelled Nvidia to become the world’s most valuable company can be sustained.
With strong demand for its pricey processors generating billions in cash, Nvidia is using a part of the windfall to boost its remaining buyback capacity to $235 billion, which it expects to deploy through financial year 2028.
“The AI buildout won’t continue at its current pace forever, but Nvidia is signalling confidence that demand for its hardware and services has staying power,” notes Jacob Bourne, an analyst at Emarketer.
“Its cash generation is currently strong enough that it believes it can continue investing heavily in the business while also returning capital to shareholders,” he adds.
“Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders,” Nvidia CEO Jensen Huang has said in a statement.
Nvidia’s growth outlook backs that stance.
Last month, Nvidia forecast about 70 per cent revenue growth for financial year 2028, reassuring investors who have questioned how long the AI spending surge can last after years of explosive growth.
Report By
View Reporter News