Nvidia increases share-buyback authorization by $150 billion

Key points: Nvidia's board authorized another $150 billion for its existing share-repurchase program. The company says $235 billion remains authorized after the increase. Authorization permits purchases; it is not a record of $150 billion in shares already bought.

Nvidia announced on Monday, 28 September, that its board had approved a $150 billion increase to its share-repurchase authorization. The company's release said the amount remaining under the expanded program was $235 billion and it expected to execute the remaining program through fiscal 2028. Reuters also reported the size of the decision and the market context.

Authorization versus actual spending

A repurchase authorization is permission for a company to buy its shares up to a stated amount, subject to its decisions and applicable rules. It does not mean that amount was spent on the day of the announcement, or guarantee the full sum will ultimately be used. The purchases may occur over time and at varying prices. Quarterly company disclosures will show how many shares were actually acquired and at what aggregate cost.

The $235 billion figure is the total remaining authorization after the additional $150 billion, according to Nvidia. It should not be added again to the new increase as though it were a separate additional purchase. The distinction matters when assessing how much cash has been committed or returned to investors.

Capital allocation in the AI market

Nvidia framed the decision as a way to return capital while continuing to invest in AI computing. Reuters compared the authorization with Apple's $110 billion repurchase authorization in 2024 and noted that investors are watching competition in AI chips. Those comparisons provide scale but do not indicate Nvidia's future share price or the pace of actual buying.

For investors, the main questions are how repurchases sit alongside research, manufacturing commitments and other investment needs. Buybacks can reduce shares outstanding if completed, but their benefit depends on price, timing and the company's longer-term performance. A board authorization alone cannot answer those questions.

Analysis — what to watch: Subsequent financial filings should show the actual repurchase pace and remaining capacity. Readers should distinguish the announced ceiling from executed transactions and avoid treating this decision as a forecast of market returns. The image is an archival Nvidia product photograph, not a current AI chip or the board meeting. Research cutoff: 29 September 2026, 01:00 IST.