Nvidia Authorizes Record $150 Billion Buyback Boost Pushing Total Authorization to $235 Billion

Nvidia's board authorized a $150 billion increase to its share repurchase program on Monday, the largest single buyback addition in corporate history. The move pushes Nvidia's total remaining authorized buyback to $235 billion, a figure larger than the entire market capitalization of companies such as Coca-Cola. The announcement comes just four months after the chip giant added $80 billion to the same program, underscoring the pace at which AI-driven demand is generating cash for the world's most valuable company.

Nvidia shares rose between 2% and 3% at Monday's market open, a relatively modest reaction given the scale of the commitment. The gain came despite a weak broader market backdrop, with rising oil prices and bond yields pressuring equities and the 10-year Treasury yield climbing to 5.23%. Analysts and commentators read the buyback as a direct signal from CEO Jensen Huang that Nvidia's management views the stock as undervalued ahead of the company's next earnings report.