Nvidia stock rose after MarketScreener and other outlets reported the company’s board approved a $150 billion increase to its share buyback authorization on September 28, 2026.
MarketScreener published that Nvidia boosted its buyback plan by $150 billion, calling it a record expansion of the repurchase program.
Reuters confirmed the move and said the $150 billion addition brings Nvidia’s remaining repurchase capacity to about $235 billion, after earlier repurchases this year.
News coverage noted the buyback increase accompanied strong demand for Nvidia’s data‑center chips and came alongside quarterly results and guidance that beat estimates, which has supported investor appetite for nvidia stock.
Analysts and commentators reacted in real time: CNBC highlighted on-air commentary that the board’s decision could alter the stock’s trajectory, while Yahoo Finance and Business Insider summarized market response and the scale of the authorization.
How buybacks work: company boards authorize repurchase programs to allow management to buy shares over time, which can reduce outstanding shares and return capital to investors. Reuters and MarketScreener described the September 28 board action as an authorization increase, not an immediate repurchase of the full amount.
Investors watching nvidia stock should note authorization increases give the company latitude to repurchase but do not guarantee the timing or amount actually bought in the open market, a distinction emphasized in reporting from Reuters and Yahoo Finance.
Previous precedent: Nvidia expanded its buyback program earlier this year, when it announced a large repurchase plan in May 2026, reported MarketScreener, illustrating the company has repeatedly used buybacks as part of capital returns during the AI-driven revenue surge.
What to watch next: news outlets say investors will track how much of the newly authorized $150 billion Nvidia actually executes and the company’s commentary at upcoming investor events; reporters noted market reaction in after-hours trading immediately after the announcement.
Sources
- MarketScreener — reported Nvidia boosted its buyback authorization by $150 billion on September 28, 2026.
- Reuters — confirmed the $150 billion increase and reported remaining repurchase capacity of about $235 billion.
- CNBC — provided analyst commentary on how the board action could affect the stock’s trajectory.
- Yahoo Finance — summarized market reaction and context about the company’s guidance and buybacks.
