Nvidia lifts buyback authorization by $150 billion, total to $235 billion
The increase, which Nvidia calls the largest in its history, comes after shares slid 3.7% in a recent selloff tied to AI caution
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Chart: NVDA, one-minute prices, three sessions
UpdateMonday, September 28, 2026 at 4:25 PM ET
The selloff is now specified as pre-market trading on the day of the announcement, driven by calls for slower AI development, not the general "AI caution" described in the published piece.
The 3.7% decline came in pre-market trading Monday, part of a broader pullback tied to growing calls for slower development of artificial intelligence, rather than a broader move over AI spending caution alone.
UpdateMonday, September 28, 2026 at 3:05 PM ET
Nvidia shares are up 2.1% following the buyback announcement, and are up about 24% for the year so far. The company says the expanded $235 billion program runs through the fiscal year ending January 30, 2028.
Nvidia has increased its share buyback authorization by $150 billion, bringing the total remaining program to $235 billion, according to the company. Nvidia describes it as the largest share repurchase authorization increase in its history.
The company said it expects to carry out the full $235 billion program through fiscal year 2028. As of the end of its second fiscal quarter, Nvidia had roughly $99.0 billion left under its previous authorization, before this latest increase, and it returned about $26.0 billion to shareholders through buybacks and dividends in that quarter alone.
This is not the first time Nvidia has expanded its buyback capacity this year. Its board approved an additional $80.0 billion in authorization in May 2026, on top of a $60.0 billion increase in August 2025, both without expiration.
Chief executive Jensen Huang said in the announcement that Nvidia's growth is being driven by "a once-in-a-generation platform shift to AI and accelerated computing," and that the company's cash generation gives it room to keep investing in that shift while returning capital to shareholders. The move follows a 3.7% selloff in Nvidia shares tied to broader caution over AI spending, and comes as Huang has repeatedly pointed to plans for sharply higher capital spending and doubled chip volumes. Against that backdrop, the buyback signals that management believes its growth can fund itself, a modest boost to sentiment even if it does not change the underlying growth story investors are pricing in.