Nvidia announced a $150 billion increase to its share repurchase program, bringing the total authorization to $235 billion, the largest on record. The company expects to execute the buyback through fiscal year 2028, signaling confidence amid increasing AI chip competition.
The massive share buyback signals Nvidia's confidence in sustained demand for its AI chips and its ability to generate significant cash flow, potentially supporting its stock price amid increasing competition.
Nvidia announced on Monday that it would increase its share repurchase authorization by $150 billion, bringing the total program to $235 billion and setting a new record for the largest share buyback in history. The company expects to complete the repurchase by its 2028 fiscal year. This move follows an $80 billion repurchase approved after Q1 fiscal earnings. Nvidia CEO Jensen Huang stated that the company's cash generation provides the capacity to invest in transformative technologies and return capital to shareholders, reflecting confidence in future opportunities. The announcement came as Nvidia launched its Open Agent Safety Platform, a new open software platform and reference system design aimed at strengthening AI security from testing to deployment, combining NVIDIA OpenShell and NVIDIA Sentry.
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