By Yoon Young-sil
Publication Date: 2026-09-30 00:24:00
Nvidia has announced a $150 billion share repurchase authorization — the largest in U.S. corporate history — as it turns its dominance in the artificial intelligence (AI) semiconductor market into a competitive advantage in shareholder returns. The move raises the company’s total share repurchase authorization to $235 billion, underscoring its commitment to returning capital to shareholders among global big tech companies.
Nvidia’s board of directors approved an additional $150 billion for its existing share repurchase program on Sept. 28 (local time), far exceeding the $110 billion buyback authorization Apple announced in May. Having increased its buyback authorization by $80 billion just four months earlier, Nvidia plans to carry out the program in phases through fiscal 2028.
The record-breaking shareholder return is backed by Nvidia’s enormous cash-generating capacity, fueled by surging demand for AI data centers. Revenue in the second quarter of fiscal 2027, which ran from May through July 2026, reached $96.2 billion, up 106% from a year earlier. Jensen Huang, Nvidia’s chief executive officer, said, “With our strong cash generation, we can invest in the technologies that matter while returning capital to shareholders,” expressing confidence in the company’s long-term growth as it transitions to a new platform.
Markets view the move as a strategic effort to address what some…