Nvidia announces historic $150 billion buyback, highlighting Big Tech divide

Nvidia just authorized the largest single share buyback in corporate history, and it wasn’t even close. The $150 billion increase to its repurchase program brings the company’s total remaining authorization to $235 billion, a figure that makes Apple’s previous record of $110 billion, set in 2024, look almost quaint. The announcement sent Nvidia shares up roughly 2.8% on the day, extending a year-to-date gain of about 24%. With a market capitalization hovering around $5.4 to $5.5 trillion, Nvidia is essentially telling Wall Street it has so much cash pouring in from AI chip demand that it can simultaneously fund massive R&D and hand enormous sums back to shareholders. The numbers behind the flex To appreciate the scale here, consider that Nvidia executed $39.8 billion in share buybacks during just the first half of fiscal 2027. The company ended its July quarter sitting on $22.44 billion in cash and cash equivalents. CEO Jensen Huang described the business environment as a “once-in-a-generation platform shift to AI.” The company’s forward price-to-earnings ratio has actually compressed relative to its earnings growth, meaning the stock has gotten cheaper on a fundamentals basis ...