A fresh authorisation at Nvidia has added $150B to the amount the chipmaker may spend buying back its own shares, the biggest such move by a US company on record.
Apple previously held that distinction with a $110B programme approved in 2024. Nvidia’s board now holds $235B of unused capacity, which management expects to draw down through fiscal 2028.
The stock gained more than 2 percent in morning trading. At a market value above $5.5T, the shares change hands near 16.5 times forward earnings, the lowest multiple since January, and remain up more than 20 percent in 2026.
Chief executive Jensen Huang described the decision as a use of the company’s cash pile, which he said funds both research bets and payments to owners.
It arrives as corporate repurchases cool across the market, falling about 50 percent between July and Sept 23, so the authorisation stands out against a retreating trend.
Orders for AI training and inference hardware keep the balance sheet full, even as investors debate how long the spending wave lasts.
