Nvidia Authorizes $150 Billion Stock Buyback Increase, Largest In History

Nvidia’s board approved adding $150 billion to its stock repurchase program, bringing the total amount currently authorized to $235 billion.

Nvidia said it is the largest stock buyback authorization increase in history, and said it expects to buy back all of that $235 billion in stock by the end of January 2028. Its shares are up 2% on the announcement. Buybacks are common when a company thinks the market is undervaluing it (our financial columnist has agreed). Nvidia’s share price is up 23% since January, far lower than rival AMD (up 175%) but still outpacing the S&P 500 (up 12%).