NVIDIA announced Monday that its Board of Directors has approved an extra $150 billion for its current share repurchase program, increasing the total remaining authorized funds to $235 billion.
The company expects to execute the total remaining program through fiscal year 2028.
Jensen Huang, founder and CEO of NVIDIA told investors: “NVIDIA’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing. 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.”
Huang likely sees a great opportunity to buy back Nvidia shares at a discount, ahead of further acceleration in AI development.
Since August 2024, when artificial intelligence started to gain traction and sparked a boom in Nvidia’s stock price and earnings growth, the company’s forward price-to-earnings (P/E) multiple has steadily declined.
In 2026, NVDA’s Q2 revenue surged 106% year over year to $96 billion while free cash flow hit $21 billion.
Shares traded 3.34% Monday following the announcement.
By CEO NA Editorial Staff
