NVIDIA said Monday that its Board of Directors authorized an additional $150 billion under the company’s existing share repurchase program, raising the remaining authorization to $235 billion, according to a company release. NVIDIA called the move the largest share repurchase authorization increase in history and said it expects to execute the remaining program through fiscal year 2028.
“NVIDIA’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing,” founder and CEO Jensen Huang said in the release. “Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders. This authorization reflects our confidence in the long-term opportunity ahead.”
CNBC reported that the authorization comes as Nvidia’s market capitalization sits near $5.42 trillion and that shares were higher on Monday. The same report cited an August S&P Global Ratings projection that combined hyperscaler capital expenditure could exceed $1.3 trillion by 2027 as companies race to build AI infrastructure. On CNBC’s “Squawk Box” Monday, Huang said the industry is going through “the largest infrastructure buildout in human history” and that as Nvidia generates more cash, “we’d like to be able to return it back to shareholders,” according to CNBC.
Under the existing program, the additional authorization does not itself execute purchases; it expands how much remaining capacity the board has approved. NVIDIA tied the step to cash generation from the AI and accelerated-computing shift and said it still has room to invest in the technologies behind that shift while returning capital.
The buyback authorization is a capital-return decision, not a product launch. It lands the same day as NVIDIA’s separate Open Agent Safety Platform announcement, another September 28, 2026 company move that sits outside this brief.