Nvidia Poised to Overtake Apple in Buybacks and Dividends

Nvidia's aggressive buyback program and increasing dividends have put it on track to surpass Apple in both areas, according to recent announcements.

The tech giant authorized a $150 billion increase to its share repurchase program, bringing the total to $235 billion, which is larger than Apple's additional authorization of $100 billion announced in April.

Nvidia's buybacks and dividends are growing at a much faster rate than those of Apple, with Nvidia returning 60% of first-half fiscal 2027 free cash flow to shareholders. The company intends to increase the return of FCF net of strategic uses, which could lead to higher dividend payments.

Nvidia's forward P/E ratio is significantly lower than Apple's at 24.6 compared to 38.3, making it a more attractive value for investors.