Nvidia increases its share buyback program by $150B to $235B, aiming to complete the process through fiscal 2028; NVDA is up 20% in 2026

Nvidia will spend $235 billion buying its own stock, making it a significant seller of its shares on the market.

NVIDIA's Board of Directors has authorized an additional $150 billion for its share repurchase program, bringing the total remaining authorization to $235 billion. The company anticipates completing this program by fiscal year 2028. This expansion represents the largest share repurchase authorization increase in history. CEO Jensen Huang stated that the company's growth is fueled by a significant platform shift towards AI and accelerated computing. He further explained that NVIDIA's strong cash generation enables investment in transformative technologies and allows for capital return to shareholders, reflecting confidence in future opportunities. The company expects to execute the expanded repurchase program through fiscal 2028.

This substantial increase in NVIDIA's buyback program signals a strong confidence from the company's leadership in its future growth trajectory, particularly within the AI and accelerated computing sectors. The sheer scale of the authorization, the largest in history, suggests that NVIDIA anticipates significant cash generation and a continued leadership position in its markets. This move is designed to return capital to shareholders, which can support the stock price and potentially attract further investment. It also indicates that NVIDIA sees its stock as undervalued or a highly attractive investment compared to other potential uses of capital.

The market will now be watching how NVIDIA executes this massive buyback over the next four years, as it has the potential to materially impact the supply of NVDA shares. This action could provide a consistent source of demand for the stock, influencing its valuation and potentially making it more attractive to institutional investors seeking stability and shareholder returns. Competitors and other companies in the AI hardware space will also be observing this, as it underscores NVIDIA's financial strength and its commitment to leveraging its market position.