Nvidia's Record-Breaking $150B Buyback Outshines Apple
Nvidia's board approved an additional $150 billion in stock buyback authorization on September 28, 2026, bringing the company's total remaining repurchase capacity to $235 billion. This move surpasses Apple's entire $110 billion buyback approval from 2024, which previously stood as the largest single authorization.
The increase alone exceeds Apple's full 2024 program by approximately $40 billion. Nvidia plans to work through the $235 billion program by fiscal 2028, but companies typically draw down these authorizations over several years, timing purchases around cash flow, share price, and buyback windows around earnings.
Nvidia's board cleared a fresh $150 billion stock buyback on September 28, 2026. The Edge Malaysia framed the move plainly: Nvidia boosted its share buyback authorization by a record $150 billion, surpassing Apple’s $110 billion approval from 2024. That comparison matters because Apple’s 2024 program had stood as the largest single buyback authorization from a major technology company.