Nvidia Unveils Record $150 Billion Buyback Amid AI Boom

Nvidia, the dominant supplier of AI-computing infrastructure, has authorized a record $150 billion stock buyback on Monday. This brings its total repurchase capacity to $235 billion through fiscal year 2028, making it the largest in corporate history.

The move comes as the AI boom faces a harsh reality: Nvidia is the only company in the ecosystem making real monetary gains. During the second quarter of fiscal 2027, Nvidia reported $96.2 billion in revenue, up 106% year over year, and returned roughly $26 billion to shareholders through repurchases and dividends.

Nvidia CEO Jensen Huang is one of the world's richest people, ranking among the top 10 global billionaires. Meanwhile, AI startups and labs buying its compute still can't prove to investors that they can generate standalone revenue.