Nvidia increased its share-repurchase program by $150B; shares +1.6% premarket Monday
What happened
On Monday, Sept. 28, Nvidia announced its board had authorized an additional $150 billion under the company's existing share repurchase program, raising the total remaining authorization to $235 billion — which the company called the largest share-repurchase authorization increase in history. Nvidia said it expects to execute the full remaining program through fiscal 2028 (ending January 2028). CEO Jensen Huang said the authorization reflects "confidence in the long-term opportunity ahead," citing cash generation that funds both AI investment and shareholder returns. NVDA shares rose premarket Monday, outpacing a broader market selloff, and closed the day up 1.7% at $228.86.
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Start your free 14-day trialWho’s affected
- NVDA (Nvidia) — directly affected; buyback reduces shares outstanding and boosts EPS; shares pointed higher premarket Monday (the alert headline noted +1.6%; coverage reported roughly ~1%), outpacing a broader market selloff and closing +1.7% at $228.86. AAPL (Apple) — its $110B May 2024 buyback, the prior record, was eclipsed; symbolic only.