Nvidia is repurchasing $150 billion of stock in the biggest buyback in market history

Nvidia is repurchasing $150 billion of stock in the biggest buyback in market history Nvidia CEO Jensen Huang. Bloomberg/Getty Images Nvidia is already the world's most valuable company. Now it's launching the largest share buyback in history.The tech giant, whose chips are fuelling much of the AI boom, said on Monday that it would expand its existing share buyback plan by $150 billion, taking its total program worth $235 billion.Apple previously held the record for the largest-ever buyback, authorizing $110 billion in 2024."I think we're going through the largest infrastructure build-out in human history, and we have the benefit of being a very central part of that," Nvidia CEO Jensen Huang said in an interview with CNBC shortly after the announcement."We're generating a lot of cash, we're going to generate a lot of cash in the coming years. And you know, every single year, as we generate more cash, I'd like to be able to return it back to the shareholders," he added.Nvidia said it expects to finish the buyback by the 2028 financial year.The company's share price was up around 1.7% in premarket trading around 8:30 a.m. ET on Monday.This is a developing story. Check back for updates. Read next Will Martin is a senior business editor with 10 years of experience in various roles at Business Insider. He works with a team of reporters and editors to cover everything business, with a special focus on consulting, financial markets, and the aviation industry.Prior to working on the business news team, Will led Insider's sports coverage in the company's London bureau, publishing award-nominated work on alleged gang involvement in elite boxing, deeply-reported features on a civil war in Olympic sport modern pentathlon, and profiles of some of the biggest rising-stars in soccer.Before joining the sports team, Will spent a year as an associate editor on Insider's global news team. Before that, Will worked as a markets and economics reporter for Business Insider for more than three years.During his time with the news team, Will assigned and edited reporting and features on everything from the Boeing 737 Max crisis, to the persecution of Uyghur Muslims in China, to global geopolitics, and even a Barack Obama-themed service station in Ireland.He also personally reported on allegations of illegal mass human organ harvesting in China.Prior to working for Insider, Will earned a BA in International Relations from the University of Exeter and an MA in Financial Journalism from City, University of London. Theron Mohamed is a London-based correspondent on the International team at Business Insider. His coverage spans finance, investing, wealth, markets, and the economy.Theron joined BI in 2019 as a reporter at Markets Insider and rose to the rank of correspondent before moving to the Trending team then the broader International team. He previously covered tech, media, and telecom stocks for Investors Chronicle magazine and had a brief stint on the Financial Times' Data team. He interned at the Wall Street Journal in New York where he primarily wrote for Heard on the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and several smaller publications. He holds an undergraduate degree in geography from the London School of Economics, and a master's degree in journalism from Columbia University.Theron often covers Warren Buffett, Michael Burry, and other elite investors. He also writes about the world's wealthiest people and shares financial advice from all manner of rich and successful people.Email Theron at tmohamed@businessinsider.com and follow him on X @theron_mohamed.