Nvidia board approves $150bn buyback expansion, total reaches $235bn

September 28, 2026 at 05:16 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Nvidia's board approved a $150 billion expansion of its share buyback program on September 28, bringing the total authorized to $235 billion. The company said the repurchases will be completed within fiscal 2028. Shares rose more than 1% in premarket trading.

Key Facts

Nvidia's board approved a $150 billion increase to its share repurchase program on September 28, bringing the total authorized to $235 billion.
The buyback will be completed within fiscal 2028, according to the company's statement.
The previous record was set by Apple in 2024 at $110 billion.
Nvidia shares rose more than 1% in premarket trading on the news, reaching $228.48 by 15:15 Moscow time.
Nvidia shares have risen more than 1200% since OpenAI launched ChatGPT in late 2022, but only about 20% since the start of 2026.

Buyback Expansion

Nvidia announced a $150 billion increase to its share repurchase program on September 28, bringing the total authorized to $235 billion. The board of directors approved the expansion, and the company said the buyback will be completed within fiscal 2028. Financial Times called it the largest buyback in the history of American corporations. The previous record was Apple's $110 billion repurchase in 2024.

Market Reaction

Nvidia shares rose more than 1% in premarket trading on the announcement. By 15:15 Moscow time, shares were up 1.5% to $228.48 on NASDAQ premarket trading. The stock has gained more than 1200% since OpenAI launched ChatGPT in late 2022. However, growth slowed in 2026, with shares up only about 20% since the start of the year.

AI Boom Context

CEO Jensen Huang said Nvidia's growth is driven by the shift to AI and accelerated computing, a once-in-a-generation platform change. He added that the company's cash generation allows it to invest in these technologies while returning capital to shareholders. Financial Times noted the buyback expansion comes amid slowing stock growth as more investors question the sustainability of the AI boom. In August, Nvidia forecast sales growth of 70% in the next fiscal year. On August 26, Nvidia reported quarterly revenue up 106% year-over-year to $96.2 billion.