By Wiltone Asuncion
Publication Date: 2026-09-29 14:45:00
Key Stats for Nvidia Stock
- Current Price: $228.86
- Target Price (Mid): ~$670
- Street Target: ~$328
- Potential Total Return: ~193%
- Annualized IRR: ~28% / year
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What Happened?
NVIDIA (NVDA) added $150 billion to its share buyback program on September 28, lifting the remaining authorization to $235 billion in what the company called the largest share repurchase authorization increase in history. The stock closed up 1.68% at $228.86, bucking a decline in other AI stocks on a day Nvidia also launched an AI agent safety platform.
The $235 billion equals about 4% of Nvidia’s $5.5 trillion market value. NVIDIA’s investor relations materials set the window through fiscal 2028, and meeting it depends on free cash flow recovering from a fiscal Q2 in which it fell 56% from the prior quarter.
Full Pace Means About $44 Billion of Buybacks a Quarter
Fiscal 2028 ends January 30, 2028, so using the full authorization by then works out to roughly $15 billion a month, or about $44 billion a quarter. In fiscal Q2 2027, Nvidia spent $19.7 billion on repurchases, about $6.6 billion a month. NVIDIA’s figures imply about $14 billion of repurchases from July 27 through September 28, since about $99 billion remained after Q2, and the $150 billion increase left $235 billion.
Dividends add about $6 billion a quarter at the $0.25 quarterly…
