Nvidia Adds Record $150 Billion to Share Buyback as AI Cash Keeps Rolling In

Nvidia's board authorized an extra $150 billion for stock repurchases, lifting remaining buyback capacity to $235 billion through fiscal 2028 — the largest share-repurchase authorization increase on record — as the chipmaker's AI cash engine keeps filling the till.

What the board approved

On Monday, Nvidia said its directors approved an additional $150 billion under the company's existing share repurchase program. That single increase raises the total remaining authorization to $235 billion, which management expects to execute through fiscal year 2028. The company framed the move as the largest buyback authorization increase in market history, outpacing even the mega-tech repurchase waves of recent years. Authorization is not the same as an immediate open-market order; it is permission to buy stock over time as cash arrives and conditions allow. Still, the headline size matters because it signals how much capital the board is willing to return while Nvidia continues to fund product cycles, data-center capacity, and ecosystem bets.

Why markets noticed at the open

The announcement landed as U.S. equity futures leaned lower into the Monday open, with oil climbing after President Donald Trump rejected an Iranian proposal tied to reopening the Strait of Hormuz and longer-dated Treasury yields hovering near multi-decade highs. Against that backdrop, Nvidia shares were among the few large-cap names firm in premarket trade, adding roughly one percent after briefly rising closer to two percent. For index-heavy portfolios, that matters: Nvidia's market value sits near the top of global equities, so a firm open in the stock can cushion broader tape pressure even when energy and rates dominate the macro narrative. Buybacks also mechanically support earnings-per-share math when shares outstanding shrink, which is one reason repurchase headlines still move valuations in AI leaders.

The AI cash engine behind the checkbook

Nvidia's ability to authorize a repurchase of this scale rests on the same story that has defined its stock for years: demand for accelerators used in training and running large AI models. Chief executive Jensen Huang said the company's growth is being driven by a once-in-a-generation shift to AI and accelerated computing, and that cash generation gives Nvidia room both to invest in that transformation and to return capital to shareholders. Last month the company projected about 70 percent revenue growth for fiscal 2028, a forecast aimed at investors who wonder how long the infrastructure buildout can stay this hot. Nvidia ended its July quarter with more than $22 billion in cash and cash equivalents, and it has been expanding commitments across cloud partners and AI developers even as it widens the buyback window.

What to watch next

A record authorization does not guarantee a record pace of purchases. Investors will watch how quickly Nvidia actually retires shares versus how much cash it keeps for inventory, foundry and packaging capacity, and strategic investments. They will also weigh the buyback against a noisier macro tape: higher oil, stickier rate expectations, and lingering questions about AI safety and the cadence of model training at major labs. For Monday's session, the immediate message is simpler. While the rest of the market frets about energy shocks and borrowing costs, the AI chip leader is telling shareholders it still expects enough free cash through 2028 to fund the boom and buy a historic amount of its own stock along the way.