Nvidia buys back $150 billion worth of shares

Nvidia’s board of directors on Monday approved adding $150 billion to the company’s share buyback program, amid the profits generated by the surge in investment in artificial intelligence. Following the decision, the company will be able to spend up to $235 billion on such operations through January 2028.

The additional amount surpasses the previous record set by Apple, which announced $110 billion in buybacks in 2024. Following the announcement, Nvidia shares rose by approximately 3% at the start of trading.

Nvidia supplies essential chips for training and operating artificial intelligence models used by companies such as OpenAI, Anthropic, Google and SpaceX. The company’s shares have risen by more than 1,200% since the launch of ChatGPT at the end of 2022, although the advance slowed in 2026 amid questions about the sustainability of the AI boom.

Chief Executive Officer Jensen Huang says Nvidia is undergoing a “once-in-a-generation” technological transformation. The company’s revenue is estimated to grow by approximately 90% in 2026, while net profit could reach $245 billion in the current financial year. Buybacks can reduce the number of shares outstanding and increase reported earnings per share, but they do not guarantee an increase in the stock price.