Nvidia's board increases chipmaker's share buyback plan by $150 billion

Read the original at The Independent ↗
The Independent · collected 2026-09-28 · by Associated Press

Quick Summary

Nvidia’s board has approved an additional $150 billion for share buybacks, bringing the total repurchase program to $235 billion. This decision aims to capitalize on the company's revenue growth, driven by demand for its high-end AI chips. Nvidia expects to execute this plan through January 2028 and sees it as a reflection of confidence in future opportunities despite growing skepticism about the long-term benefits of AI investment.
Written locally by qwen2.5:14b on 2026-09-28, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

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.

Written for “Nvidia Share Buyback Plan” on 2026-10-14, grounded in this article and the 2 other(s) covering the same event.

Story

📰 Nvidia Share Buyback Plan
Economy/Business · 3 article(s) covering the same event. See how they differ ↓

Compared with similar articles

This article reads unscored and hedges 7% of its claims. Each row says how that neighbour differs.
New York Post
⚖️ leaning not scored 🔴 15% hedged 2 of 13 📰 publisher trust 67
“Both articles describe Nvidia's board authorizing a $150 billion increase in share buybacks on the same day, September 28, 2026.”
The Independent
⚖️ leaning not scored 🔴 15% hedged 2 of 13 📰 publisher trust 59
“Both articles describe Nvidia's board approving an additional $150 billion for share buybacks on the same date of September 28, 2026.”

Cite this article

Associated Press. (2026, September 28). Nvidia's board increases chipmaker's share buyback plan by $150 billion. The Independent. https://www.independent.co.uk/news/world/americas/nvidia-ceo-california-shares-b3057771.html

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
14
sentences that state something as happening or true
Uncertain
7%
1 of 14 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
59/100
The Independent's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
3
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-28 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

The Independent · 2232 article(s) · 5 correction(s) detected
Running correction rate · 5 correction(s)

Who wrote this

Associated Press
393 article(s) here · 1 carrying a prediction
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Wire or desk byline, not an individual reporter.
Also by Associated Press
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 393 articles by Associated Press →

Topics

California Independent Nvidia Santa Clara U.S.

Subjects

Nvidia ORG · 6× California GPE · 1× Independent NORP · 1× Jensen Huang PERSON · 1× Santa Clara GPE · 1× U.S. GPE · 1×

Narrative

Nvidia’s board has cleared the way for the company to spend $150 billion more in share buybacks as the chipmaking giant looks to make use of more of its stellar revenue growth fueled by demand for its high-end artificial intelligence chips.
framing: assertive · carried by 1 article(s) · first seen 2026-09-28
🔮 While AI has powered stock market gains and U.S. economic growth in recent years, there’s been growing skepticism about whether AI will justify the trillions of dollars being spent to develop the technology.
2026-09-28 · The Independent
Nvidia's board increases chipmaker's share buyback plan by $150 billion · assertive framing

Claims (14 extracted, 1 hedged)

Nvidia’s board has cleared the way for the company to spend $150 billion more in share buybacks as the chipmaking giant looks to make use of more of its stellar revenue growth fueled by demand for its high-end artificial intelligence chips. asserted
giant → clear → chips
The Santa Clara, California, company said Monday the share buyback increase, which it touted as the largest ever, brings its stock repurchase program to $235 billion. asserted
it → say → billion
Nvidia said it expects to “execute” the share buyback plan through its fiscal year that ends in Jan. 30, 2028. asserted
that → say → Jan.
Companies use repurchases, in part, to return cash to investors and support the stock’s price. asserted
Companies → use → price
Earnings per share can increase because there are fewer shares outstanding. asserted
Earnings → increase → share
Buybacks also signal confidence from leadership about a company’s financial prospects. asserted
Buybacks → signal → prospects
“NVIDIA’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing,” said Jensen Huang, Nvidia's founder and CEO. asserted
Huang → drive → AI
“Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders. asserted
that → give → shareholders
This authorization reflects our confidence in the long-term opportunity ahead.” asserted
authorization → reflect → opportunity
Shares in Nvidia climbed 2.3% in morning trading Monday. asserted
Shares → climb → trading
Nvidia’s high-end chips have emerged as the leading building blocks for AI, and are highly sought after. asserted
chips → emerge → AI
The company reported quarterly profits of $59.69 billion late last month. asserted
company → report → billion
While AI has powered stock market gains and U.S. economic growth in recent years, there’s been growing skepticism about whether AI will justify the trillions of dollars being spent to develop the technology. asserted
AI → power → technology
The AI industry is also faces increasing pushback amid objections to the expansion of data centers and fears that the rapid speed of AI adoption could lead to widespread job losses worldwide. uncertain
speed → face → losses
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