By Alexa LoMonaco
Publication Date: 2026-09-28 16:44:00
Nvidia’s massive new stock buyback is exactly the kind of move Jim Cramer has been calling for. The chipmaker’s board greenlit an additional $150 billion in share repurchases , bringing its total remaining authorization to $235 billion. Nvidia said Monday the increase is the largest in history and expects to complete the program through fiscal 2028. The company is currently in the third quarter of its fiscal 2027. “This is a very significant buyback,” Jim said Monday on CNBC. “I think if they’re active and in there every day, it will change the trajectory of the stock.” Shares rose almost 3% Monday, bringing their year-to-date gain to roughly 24%. That would be an impressive return for most companies, but Nvidia’s stock should be doing even better given the company’s position at the center of the AI revolution and its remarkable financial performance. Adjusted earnings per share have more than doubled in back-to-back quarters, a considerable feat nearly four years into the generative AI boom, and for a company of Nvidia’s size. For fiscal 2027, Nvidia is projected to grow earnings by 94%, according to FactSet estimates, an acceleration from 60% growth in the prior year. And yet, this year Nvidia is the seventh-worst performer in the iShares Semiconductor ETF , which contains 30 stocks. The ETF, as a whole, is up 86% including Monday’s intraday move. That disconnect between financial and stock performance is exactly why Jim has been pushing Nvidia to put more of its…