Nvidia Share Buybacks to Surge Despite Pre-Market Sell-Off

Nvidia's post-earnings pop was short-lived as a persistent seller pushed the stock down from its high of $226 to around $223 in the premarket hours.

Celebrating the company's blowout earnings, CEO Jensen Huang appeared on Mad Money, where he hinted that Nvidia plans to increase its share buybacks using next year's free cash flow.

Huang stated that Nvidia bought back 60% of its shares last quarter and aims to raise this percentage with future buybacks.

The company's Q2 FY27 revenue reached $96.22 billion, a significant 105.85% increase from the previous year, while non-GAAP EPS came in at 2.22.