Nvidia’s board authorized an additional $150 billion for share repurchases on Monday, lifting the company’s total buyback capacity to $235 billion through fiscal 2028. Nasdaq reported that the new authorization was added to the chipmaker’s existing repurchase program, while MarketWatch described it as a historic expansion and said the program runs through January 2028. Investing.com also reported the $150 billion increase, giving the announcement confirmation across several market outlets.
The scale of the new authorization makes capital returns a major part of Nvidia’s financial strategy as the company continues to benefit from demand linked to artificial intelligence. Investing.com tied the expanded program to growth fueled by the AI boom, while MarketWatch said the decision reflected confidence in the company’s long-term opportunity. The board’s action does not require all authorized shares to be purchased immediately; it establishes the amount Nvidia can deploy under the program over the stated period.
The latest decision follows an earlier increase in Nvidia’s repurchase capacity. MarketWatch reported in May that the company had authorized an additional $80 billion at that time, on top of $38.5 billion remaining from a previous program. The outlet also reported that Nvidia spent $19.31 billion on buybacks in its fiscal first quarter, compared with $3.82 billion in the preceding quarter. That earlier spending provided a clear indication that repurchases were already an active use of cash before Monday’s larger authorization.
Buybacks reduce the number of shares outstanding when they are executed, which can lift earnings per share if profit is unchanged. MarketWatch reported that Nvidia’s share count used to calculate earnings per share had declined 0.9% from a year earlier to 24.39 billion following earlier repurchases. The larger authorization therefore gives the company more room to continue that approach, although the ultimate effect will depend on the number of shares actually bought, the prices paid and the timing of those transactions.
What it means for traders: the announcement adds a substantial capital-return commitment to the Nvidia investment case, but the authorization itself is not a promise that $235 billion will be spent at once. Market reaction can depend on whether investors view the program as evidence of strong cash generation, support for the share price or a choice to return funds that might otherwise be invested elsewhere. The size and pace of future repurchases will matter more for the share count and earnings-per-share calculation than the headline authorization alone.
Investors will now watch Nvidia’s regulatory filings and future financial reports for the amount spent under the program, the remaining authorization and any changes to its share count. They will also compare repurchase spending with the company’s continued investment in AI hardware and its wider technology ecosystem. The January 2028 timetable cited by MarketWatch gives the board flexibility, making subsequent execution data the key measure of how quickly the new $150 billion authorization translates into actual market purchases.