Nvidia has authorized an additional $150 billion in share repurchases, raising the total remaining buyback capacity to $235 billion. The company described the move as the largest share repurchase authorization increase in history and said it expects to complete the full program through fiscal year 2028. Nvidia shares were up approximately 2.8% on Monday following the announcement.
The authorization comes as Nvidia continues to benefit from record levels of AI infrastructure investment. Combined hyperscaler capital expenditure is projected to exceed $1.3 trillion by 2027, according to S&P Global Ratings, as companies race to build out data centers and AI computing capacity.
CEO Jensen Huang said on CNBC that the company would generate significant cash in the coming years, framing the buyback as a reflection of confidence in its long-term growth trajectory.
“NVIDIA’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing,” Huang said in a statement accompanying the announcement. He has also said Nvidia expects to roughly double the number of chips it ships in 2027.
Nvidia reported second-quarter fiscal 2027 revenue of $96.2 billion in August, up 106% year over year, with data center revenue of $89 billion rising 117% from the prior year period. The company has previously guided for approximately 70% annual revenue growth in fiscal year 2028. On gross margins, CFO Colette Kress has said the company expects compression from approximately 75% to the 71% to 72% range by the fourth quarter of fiscal 2027, driven in part by higher memory costs.
Nvidia’s market capitalization stands at approximately $5.42 trillion. Shares have gained roughly 24% over the past 12 months. The company’s previous major buyback addition was an $80 billion authorization approved in May 2026 alongside a 25-fold increase in its quarterly cash dividend.
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