Cramer Says Nvidia’s $150 Billion Buyback Only Matters If It Copies One Apple Executive

Quick Read

• NVIDIA’s record $150 billion buyback authorization means little for NVDA unless management buys aggressively through price dips, not just into strength.

• Cramer benchmarks the buyback against Luca Maestri, who bought AAPL every quarter and accelerated purchases during dips to steadily lift per-share earnings.

• NVIDIA returned a record $26 billion last quarter while carrying $279 billion in supply commitments, signaling management confidence in the stock as a capital allocation priority.

• Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)

NVIDIA (NASDAQ:NVDA) added a record $150 billion to its share repurchase authorization, and the stock closed at $228.86, up 1.68% in the session.

Jim Cramer reacted on CNBC’s Squawk on the Street. He measured the plan against Apple (NASDAQ:AAPL): “It depends on whether it’s going to be a Luca Maestri buyback. The former CFO of Apple who was always there when the stock dropped.”

An authorization is permission with no obligation and no deadline. Management can buy aggressively, slowly, or not at all.

That gap matters more at NVIDIA than almost anywhere. Against roughly 24.147 billion shares outstanding and a market value near $5.53 trillion, occasional purchases get absorbed by routine selling, and the share count barely moves.

The stock is…