Nvidia just stacked another $150 billion onto its share repurchase plan, taking total authorization to $235 billion. Management said it expects to complete the remaining authorization by fiscal 2028 and described the latest boost as the largest increase to a share repurchase authorization in history.
At midday Monday, Nvidia shares were quoted at 229.92 USD, up 4.85 or 2.15% at 12:00 PM EDT. The stock rose 2.8% Monday, is up 24% over the past 12 months, and that run has pushed its market value to $5.42 trillion.
The AI buildout is still a fire hose, and Nvidia is using its cash flow to both invest and return money to shareholders. "NVIDIA's growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing," Jensen Huang said, adding, "Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders." He also said, "This authorization reflects our confidence in the long-term opportunity ahead."
S&P Global Ratings said in August that combined hyperscaler capital expenditures are on track to surpass $1.3 trillion by 2027 as companies race to expand AI infrastructure like data centers. Huang said earlier this month that Nvidia would sell double the number of chips in 2027.
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Nvidia is best known for its AI workhorse GPUs, including its Grace Blackwell and Vera Rubin systems. It also makes CPUs, switch chips, optical networking chips, laptop chips, Jetson modules used in robotics and automotive settings, plus the processor inside Nintendo's Switch 2 gaming console.
"I think we're going through the largest infrastructure build-out in human history, and we have the benefit of being a very central part of that," Huang told CNBC's "Squawk Box" on Monday. "We're going to generate a lot of cash in the coming years, and every single year, as we generate more cash, we'd like to be able to return it back to shareholders."
Bigger buybacks usually hint that leadership sees sustained cash coming in and a long runway for AI spending. If hyperscaler capex really does top $1.3 trillion by 2027 and Nvidia keeps riding that wave, the ability to fund growth while shrinking the share count is the through-line to watch. For everyday portfolios, that often shows up as more consistent earnings power over time.
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