Nvidia Adds $150 Billion to Share Buyback Authorization
publishers 15articles 17first reported 29 Sep, 01:00 UTCdeveloping since 30 Sep · 2 editions
Nvidia authorized an additional $150 billion for share repurchases on Monday, expanding a capital-return program that included an $80 billion repurchase plan announced in May, CNBC reported. The company also raised its quarterly dividend in May to 25 cents per share from 1 cent.
The new authorization came as Nvidia’s valuation based on projected earnings stood well below its recent historical levels. According to CNBC, the chipmaker traded at 14.5 times expected earnings for fiscal 2028, compared with an average current price-to-earnings ratio of 62.9 over the past five years. Analysts on average expect Nvidia to generate nearly $385 billion in net income in fiscal 2028, about 60% more than the prior year.
CEO Jensen Huang has publicly supported buying back the company’s shares, calling them “a tremendous opportunity” in a CNBC interview last month. At a Goldman Sachs conference, Huang described Nvidia as both a growth and value stock and argued that investors misunderstood its valuation.
Nvidia has previously said it planned to return about half of its free cash flow to investors. CNBC estimated that completing the company’s current repurchase authorization could reduce its outstanding share count by about 4%. Nvidia shares rose nearly 2% Monday, when the company also announced software and hardware products for controlling AI agents.
HOW THIS STORY WAS MADE
Reconstructed on 2 October 2026. The machine was off on this day, so no feed was read and no run took place. This edition was rebuilt afterwards from sources that keep history (Google News's dated search, GDELT, Reddit) and from articles the next runs still found, ranked as of the day's end: one edition, not the day's four runs.
Written from 3 articles, headlines and summaries only; 3 independent newsrooms once syndicated copies count as one; the editor revised it.
- Publishers
- 15
- Source articles
- 17
- Given to the writer
- 3, headlines and summaries only
- Independent newsrooms
- 3
- Second model (editor)
- revised
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and changed it before publication. Struck words were in the draft; underlined words are its corrections.
WHAT IT FLAGGED editor revise: The story needs one attribution corrected to match the source. - "Analysts surveyed by the outlet expect Nvidia to generate nearly $385 billion in net income in fiscal 2028, about 60% more than the prior year.": The source says analysts on average expect this, but does not say they were surveyed by CNBC.
THE DRAFT AND THE CHANGES
Nvidia Adds $150 Billion to Share Buyback Authorization
Nvidia authorized an additional $150 billion for share repurchases on Monday, expanding a capital-return program that included an $80 billion repurchase plan announced in May, CNBC reported. The company also raised its quarterly dividend in May to 25 cents per share from 1 cent.
The new authorization came as Nvidia’s valuation based on projected earnings stood well below its recent historical levels. According to CNBC, the chipmaker traded at 14.5 times expected earnings for fiscal 2028, compared with an average current price-to-earnings ratio of 62.9 over the past five years. Analysts surveyedon by the outletaverage expect Nvidia to generate nearly $385 billion in net income in fiscal 2028, about 60% more than the prior year.
CEO Jensen Huang has publicly supported buying back the company’s shares, calling them “a tremendous opportunity” in a CNBC interview last month. At a Goldman Sachs conference, Huang described Nvidia as both a growth and value stock and argued that investors misunderstood its valuation.
Nvidia has previously said it planned to return about half of its free cash flow to investors. CNBC estimated that completing the company’s current repurchase authorization could reduce its outstanding share count by about 4%. Nvidia shares rose nearly 2% Monday, when the company also announced software and hardware products for controlling AI agents.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →