Nvidia boosts share buyback by a record $150 billion

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeNewsNvidia boosts share buyback by a record $150 billionThe stock is up about 24 per cent so far this yearAuthor of the article:Nvidia CEO Jensen Huang attends the Q&A session with the media during Nvidia/Japan AI Ecosystem Reception in Tokyo on July 16, 2026. Photo by Philip FONG /AFP via Getty ImagesNvidia Corp., the chip developer at the heart of the artificial intelligence boom, increased the size of its share buyback plan by a record US$150 billion, reflecting chief executive Jensen Huang’s confidence in its continued growth.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe boost takes the total remaining authorized amount to US$235 billion, and the company expects to complete the program through fiscal 2028, Santa Clara, Calif.-based Nvidia said in a statement on Monday.This advertisement has not loaded yet, but your article continues below.The rush to develop AI models and infrastructure has driven demand for Nvidia’s graphics processing units and turned it into the most valuable company in the world. Lately, though, the shares have been getting cheaper compared to Nvidia’s expected profit, reflecting market concerns about the sustainability of the spending boom.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try again“Nvidia’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing,” Huang said in the statement. “This authorization reflects our confidence in the long-term opportunity ahead.”The shares rose 2.6 per cent to US$230.98 at 10:13 a.m. in New York. The stock is up about 24 per cent so far this year.Huang’s prescient bet on GPUs — originally built for games rendering — has made him influential in the industry. Nvidia’s investments and technology underpin much of the AI ecosystem, and Huang has worked to tamp down concerns about an AI bubble.He’s also pushed back against calls for a technological slowdown, running counter to the heads of some of the AI companies, including Anthropic PBC chief executive Dario Amodei and OpenAI chief Sam Altman. The industry began discussing more carefully paced AI development in the wake of some high-profile breaches caused by their agents, including OpenAI’s accidental hack of Hugging Face.On Monday, Nvidia also introduced a new AI security system to run on its hardware, that the company said would have prevented the Hugging Face attack. The two open-source software security tools are designed to control what AI agents can access in real time.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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