Nvidia has authorised a $150 billion share buyback, the largest single increase of its kind announced by any company. The move, reported on September 28, lifted the chipmaker’s total remaining repurchase capacity to $235 billion through its 2028 financial year. The figure surpasses the previous record, Apple’s $110 billion authorisation in 2024, and reflects the scale of the cash Nvidia now generates from selling chips used in artificial intelligence.
Jensen Huang, who co-founded Nvidia in 1993, owns roughly 3 percent of the company. That stake has made him one of the wealthiest people in the world as demand for the firm’s chips has surged. A buyback reduces the number of shares in circulation, which can support the share price and, in turn, the value of large holdings such as his. Founders often hold concentrated stakes, so corporate actions feed directly into their personal wealth.
Nvidia’s growth has been driven by a shift across the technology industry toward artificial intelligence and accelerated computing. Revenue reached $81.6 billion in the company’s most recent quarter, up 85 percent from a year earlier. Data centre sales made up the bulk of that total at $75.2 billion, as cloud providers raced to buy the chips used to train and run AI systems for their own customers.
The company has said combined capital spending by cloud providers could pass $1.3 trillion by 2027, with the majority of the chips those budgets buy coming from Nvidia. That outlook has underpinned investor confidence and helped justify the size of the repurchase programme, one of the largest ever committed to by a listed business, and a signal of how much cash the company expects to keep producing.
Buybacks return cash to shareholders and are often read as a sign that management sees its stock as attractively valued. Nvidia has become the most valuable listed company in the world at various points over the past year, and its results have taken on outsized importance for the technology sector and the broader market. For Huang, whose fortune is concentrated in Nvidia shares, the programme adds another layer of support beneath a holding that has climbed sharply.
