{"id":438967,"date":"2026-09-29T04:24:21","date_gmt":"2026-09-28T21:24:21","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/icymi-nvidia-lifts-buyback-by-record-150-billion-to-235-billion-shares-rise-438967\/"},"modified":"2026-09-29T04:24:21","modified_gmt":"2026-09-28T21:24:21","slug":"icymi-nvidia-lifts-buyback-by-record-150-billion-to-235-billion-shares-rise","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/icymi-nvidia-lifts-buyback-by-record-150-billion-to-235-billion-shares-rise-438967\/","title":{"rendered":"ICYMI: Nvidia lifts buyback by record $150 billion to $235 billion, shares rise"},"content":{"rendered":"<div>\n<p dir=\"ltr\">The size of the authorization is a supportive signal for Nvidia and the wider AI trade, coming after questions over how long the AI spending surge can last, and it suggests the company sees its own shares as good value. A buyback provides a steady source of demand for the stock over time, although an authorization is a ceiling rather than a commitment, and the company can suspend repurchases at its discretion. The move may also help sentiment across large-cap tech at a time when overall corporate buybacks have been falling. Anyone reading the low valuation as a floor should note that some analysts see the multiple as a sign of slowing profit growth expectations, so the pace of execution and the next earnings update are the key checkpoints.<\/p>\n<p dir=\"ltr\">&#8212;<\/p>\n<p dir=\"ltr\">Before we go on, let me put my hand up to say I am bit behind the curve on this news item. <\/p>\n<p dir=\"ltr\">&#8212;<\/p>\n<p dir=\"ltr\"> Nvidia is putting a record $150 billion behind its own stock, betting that AI demand and strong cash generation justify buying back shares even as its valuation has compressed.<\/p>\n<p dir=\"ltr\">Summary:<\/p>\n<ul dir=\"ltr\">\n<li>Nvidia&#8217;s board authorized a $150 billion increase to its share repurchase program, lifting the total remaining authorization to $235 billion, which the company says is the largest increase in history.<\/li>\n<li>The company expects to execute the full remaining program through fiscal 2028.<\/li>\n<li>CEO Jensen Huang said the AI and accelerated computing shift is driving growth and that cash generation allows Nvidia to invest while returning capital to shareholders.<\/li>\n<li>Shares rose nearly 2% and are up more than 20% this year, while the stock trades near its lowest earnings multiple since 2015, according to LSEG data cited by Reuters.<\/li>\n<li>The increase surpasses Apple&#8217;s $110 billion approval in 2024 and exceeds the market value of about 84% of S&amp;P 500 companies, while overall US buybacks fell about 50% from July through September 23.<\/li>\n<li>Nvidia ended the July quarter with around $22 billion in cash and last announced an $80 billion buyback in May, and it forecast around 70% revenue growth for fiscal 2028 last month.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/nvidianews.nvidia.com\/news\/nvidia-announces-a-150-billion-share-repurchase-authorization-increase\" rel=\"follow\">Nvidia has raised its share buyback<\/a> authorization by a record $150 billion, lifting the total remaining amount to $235 billion, the company announced on Monday. Nvidia said it is the largest increase to a repurchase program in history and that it expects to execute the full remaining amount through fiscal year 2028.<\/p>\n<p dir=\"ltr\">Nvidia shares rose nearly 2% on the news, according to Reuters, and are up more than 20% this year. The increase eclipses Apple&#8217;s $110 billion approval in 2024 and is larger than the market capitalization of about 84% of S&amp;P 500 constituents, based on LSEG data. Nvidia&#8217;s market value was put at around $5.4 trillion by CNBC.<\/p>\n<p dir=\"ltr\">Chief executive Jensen Huang said the company&#8217;s growth is being driven by a once-in-a-generation shift to AI and accelerated computing, and that strong cash generation gives Nvidia room to invest in the technologies behind that shift while returning capital to shareholders. He said the authorization reflects confidence in the long-term opportunity ahead.<\/p>\n<p dir=\"ltr\">The timing comes as Nvidia&#8217;s valuation has compressed. Reuters, citing LSEG data, reported the stock is trading at around 16.5 times forward 12-month earnings, its lowest multiple since January 2015 and well below its 15-year average of about 30, which some analysts see as a sign of slowing profit growth expectations. Yahoo Finance said the low valuation is likely part of the reasoning behind the move. The announcement also lands during a broad slowdown in buybacks, which fell about 50% from July through September 23.<\/p>\n<p dir=\"ltr\">An analyst at Emarketer said\u00a0that the AI buildout will not continue at its current pace forever, but that Nvidia is signalling confidence that demand for its hardware and services has staying power. The analyst added that its cash generation is strong enough to keep investing heavily while also returning capital.<\/p>\n<p dir=\"ltr\">Nvidia ended the July quarter with around $22 billion in cash and cash equivalents, and last announced an $80 billion buyback in May. Last month it forecast about 70% revenue growth for fiscal 2028, which reassured investors who have questioned how long the AI spending surge can last. The company&#8217;s filings also note that its repurchase program can be suspended at any time at its discretion, and that repurchases can be made in the open market, through privately negotiated transactions or via structured agreements.<\/p>\n<p dir=\"ltr\">Attention now turns to how quickly Nvidia deploys the program and whether the pace of repurchases, alongside its investment in the AI buildout, keeps supporting sentiment towards the stock.<\/p>\n<p dir=\"ltr\">\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The size of the authorization is a supportive signal for Nvidia and the wider AI trade, coming after questions over how long the AI spending surge can last, and it suggests the&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-438967","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=438967"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438967\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}