The Aporia
On September 28, 2026, Nvidia increased its share buyback authorization by a record $150 billion, surpassing Apple’s previous record of $110 billion set in 2024. This move comes amid growing demand for AI chips and brings Nvidia's total buyback capacity to $235 billion, expected to be used through January 2028. Despite a recent slowdown in stock buybacks, Nvidia's board approved the plan to return excess cash to investors and support stock prices as the company experiences rapid revenue growth driven by artificial intelligence technology. The announcement lifted Nvidia’s shares, which had been trading near their lowest valuation since 2015 at about 16.5 times forward earnings.
Reuters. (2026, September 28). Nvidia boosts share buyback by record $150B as AI boom fuels growth. New York Post. https://nypost.com/2026/09/28/business/nvidia-boosts-share-buyback-by-record-150b-as-ai-boom-fuels-growth/
Reuters. “Nvidia boosts share buyback by record $150B as AI boom fuels growth.” New York Post, 28 Sept. 2026, https://nypost.com/2026/09/28/business/nvidia-boosts-share-buyback-by-record-150b-as-ai-boom-fuels-growth/.
Reuters. “Nvidia boosts share buyback by record $150B as AI boom fuels growth.” New York Post, September 28, 2026. https://nypost.com/2026/09/28/business/nvidia-boosts-share-buyback-by-record-150b-as-ai-boom-fuels-growth/.
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