Nvidia Sets Record Share Buyback Authorization Amid AI Computing Boom

Nvidia has authorized a record $150 billion increase to its share repurchase program, bringing the total to $235 billion. This makes it the largest single stock buyback authorization in U.S. corporate history.

The company is generating so much cash that it can afford to aggressively invest in next-generation computing platforms and return capital to shareholders. Nvidia's AI roadmap extends far beyond data center compute, with a focus on global rollout and application in industries such as self-driving cars and robotics.

Nvidia's free cash flow has exploded in recent years due to its rapid revenue growth and high margins. The company returned 60% of FCF to investors through buybacks and dividends in the first half of fiscal 2027, with a long-term target of returning at least 50% of FCF.

Nvidia's CEO Jensen Huang embodies the company's relentless work culture, prioritizing organic growth over everything else. The company has been shipping its Vera Rubin platform since August and expects it to account for 20% of data center revenue in the third quarter of fiscal 2027.