Nvidia Adds Record $150 Billion to Stock Buyback — Update
By Colin Kellaher
Chip maker Nvidia, flush with cash from the AI boom, is launching the largest-ever U.S. stock buyback.
Nvidia on Monday said its board has approved a $150 billion increase to the Santa Clara, Calif., company's share-repurchase program, bringing the total buyback authorization to $235 billion.
The new authorization eclipses the $110 billion stock buyback that Apple unveiled in May 2024 and comes just four months after Nvidia's board added $80 billion to the buyback program.
Nvidia, which dominates the market as the world's largest designer and supplier of graphics processing units and specialized hardware for artificial intelligence data centers, sports a market capitalization topping $5.4 trillion, the largest of any company in the world.
Nvidia posted revenue of around $177.8 billion and nearly $70 billion in free cash flow for the first half of its 2027 fiscal year. During the same period, the chip maker shelled out $39.8 billion to buy back 203 million shares.
The company said it expects to execute the total remaining buyback program through fiscal 2028, which ends in January 2028.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 28, 2026 07:55 ET (11:55 GMT)
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