Nvidia lifts its buyback authorization by a record $150 billion

The chipmaker added to a repurchase programme its chief executive tied to a once-in-a-generation shift to AI.

Assembled by Claude from 9 sources at 9 outlets · Monday, September 28, 2026, Evening edition, 5:25 PM EDT · no human byline

What happened

Nvidia boosted its share buyback authorization by a record $150 billion, Reuters reported reuters.com. The Economic Times said the board approved a record $150 billion share buyback plan as the AI boom powers cash generation economictimes.indiatimes.com. The Seattle Times described the addition as the largest ever seattletimes.com, and Truthout called it the largest stock buyback in United States history truthout.org.

Sharecast reported that Nvidia lifted the buyback by a further $150 billion sharecast.com. CNBC said the plan received a $150 billion boost cnbc.com. Newsquawk carried the increase at the top of its daily United States equity opening note, in a session that also had the Dallas Fed manufacturing index and remarks from Fed Governor Michelle Bowman on bank supervision due newsquawk.com.

What management said

Chief executive Jensen Huang said Nvidia's growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing theglobeandmail.com. Sharecast reported Huang using the same phrase and pointing to projected hyperscaler capital spending sharecast.com.

On the use of cash, Huang said that with more cash, the company would like to be able to return it back to the shareholders wsj.com. The Economic Times framed the plan as returning more cash to investors from the technology underpinning the AI boom economictimes.indiatimes.com. The Globe and Mail presented the authorization as the case management is making for owning the stock theglobeandmail.com.

Why it matters to investors

An authorization is a ceiling, not a purchase. It sets how much the board is willing to let management spend on its own shares; it does not commit the company to spending it, or to any timetable for doing so reuters.comeconomictimes.indiatimes.com.

The signal cuts two ways. Reuters framed the plan as a statement of confidence in the AI boom reuters.com, while the size of the number is itself a measure of how much cash the buildout is throwing off at its main supplier economictimes.indiatimes.comseattletimes.com. Truthout's framing, that this is the largest such programme in the country's history, sets the scale against every prior corporate repurchase truthout.org. CNBC treated it as the day's lead item on the stock cnbc.com.

What to watch: the pace of actual repurchases disclosed against the authorization reuters.com, and whether the hyperscaler capital spending Huang cited holds at the projected level sharecast.com. Both are testable in later filings and customer results rather than in the announcement itself wsj.comnewsquawk.com.

Sources

1. economictimes.indiatimes.com: Nvidia approves record $150 billion share buyback plan as AI boom powers cash generation (2026-09-28)
2. truthout.org: Tech Giant Nvidia Announces the Largest Stock Buyback in US History | Truthout (2026-09-28)
3. seattletimes.com: Nvidia Adds $150 Billion to Massive Stock Buyback, the Largest Ever | The Seattle Times (2026-09-28)
4. theglobeandmail.com: Jensen Huang Just Gave Investors 150 Billion Reasons to Buy Nvidia Stock (2026-09-28)
5. cnbc.com: Nvidia share buyback plan gets $150 billion boost - CNBC (2026-09-28)
6. wsj.com: Money Quote: Jensen Huang - WSJ (2026-09-28)
7. newsquawk.com: Daily US Equity Opening News - NVDA $150B share buyback increase - Newsquawk (2026-09-28)
8. reuters.com: Nvidia's biggest-ever buyback plan signals confidence in AI boom - Reuters (2026-09-28)
9. sharecast.com: Nvidia lifts buyback by further $150bn - Sharecast.com (2026-09-28)