Nvidia buyback: Chipmaker approves $150 million share repurchase boost; stock jumps 4%

World’s largest chipmaking firm Nvidia Corp’s board on Monday, September 28, announced that the company’s directors have approved increasing the overall buyback amount by $150 million amid record spending on artificial intelligence (AI).

The additional buyback amount of $150 million increases Nvidia’s total authorised share repurchase deal to $135 billion.

“NVIDIA today announced that its Board of Directors has authorised an additional $150 billion under the company’s existing share repurchase program, increasing the total remaining amount authorised to $235 billion,” as per the official statement.

The chipmaking company said that this buyback addition marks the largest share repurchase authorisation increase in history, as Nvidia expects to execute the total remaining program through the financial year 2028, as per the official filing.

“Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders. This authorisation reflects our confidence in the long-term opportunity ahead,” said Nvidia Founder and CEO Jensen Huang.

Huang also said that Nvidia’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing.

Nvidia is the largest semiconductor and AI chip manufacturer in the world, which produces advanced chips and is a major beneficiary of the AI boom and spending on chipmaking infrastructure.

A CNBC report citing S&P Global Ratings highlights that the ratings company expects Nvidia’s capital expenditure (capex) to surpass $1.3 trillion by 2027, as companies push to build AI infrastructure and data centres.

Media reports also suggest that CEO Jensen Huang earlier this month said Nvidia would double the number of chips it sells in 2027.

Nvidia stock jumps nearly 4%

Nvidia Corp. shares surged nearly 4% after the Wall Street opening bell on Monday, September 28, as investors reacted to the increase in the buyback amount by $150 million, as per the official filing.

Shares of Nvidia surged 3.6% to touch an intraday high of $233.21 apiece on Monday’s market, in comparison to $225.07 apiece at the previous equity market close, according to MarketWatch data.

Nvidia’s stock surged to its 52-week high of $236.54, while the 52-week low was at $164.27.

The company's market capitalisation (m-cap) was at $5.42 trillion as of the trading session on Monday, September 28, 2026.