NVIDIA authorizes an extra $150 billion in share buybacks, lifting remaining capacity to $235 billion

NVIDIA said Monday its Board of Directors authorized an additional **$150 billion** under the company’s existing share repurchase program, increasing the **total remaining amount authorized to $235 billion**. The Santa Clara chipmaker called the increase the largest share repurchase authorization increase in history and said it **expects to execute the total remaining program through fiscal year 2028**.

That is an authorization and a company **expectation**, not a completed repurchase or a guaranteed purchase schedule. The GlobeNewswire / NVIDIA release does not specify open-market vs. accelerated share repurchase mechanics, share-count targets, or a hard calendar end date beyond the fiscal-2028 window.

The financing signal lands on the same day NVIDIA launched an Open Agent Safety platform for containing AI agents — a separate product story. This piece is about capital return, not runtime sandboxes.

“NVIDIA’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing,” founder and CEO **Jensen Huang** said in the company statement. “Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders. This authorization reflects our confidence in the long-term opportunity ahead.” The buyback press release carried no CFO quote.

Same-day coverage from **CNBC** and **Reuters** matched the primary figures: **+$150 billion**, **$235 billion remaining**, execution **through fiscal 2028**. Reuters framed the board action as eclipsing Apple’s **$110 billion** buyback approval in **2024** and noted NVIDIA’s last major authorization add was an **$80 billion** increase in **May**. CNBC’s write-up used slightly looser “total” wording for the $235 billion figure; the company text is explicit that $235 billion is the **remaining** authorized amount after the increase.

The arithmetic behind “remaining” matters for readers who confuse authorization with cash already spent. Subtracting the new **$150 billion** from the stated **$235 billion** remaining implies roughly **$85 billion** was still authorized immediately before the board’s vote. That sits below the **approximately $99.0 billion** remaining NVIDIA reported as of the end of its second quarter of fiscal 2027 (**July 26, 2026**), when the company said it had returned about **$26.0 billion** to shareholders in the quarter via repurchases and dividends. The gap is consistent with further use of the program after quarter-end and/or “approximately” rounding — not a contradiction of Monday’s $235 billion claim. NVIDIA’s Q2 materials also showed **$22.443 billion** in cash and cash equivalents at quarter-end and **$19.732 billion** of cash used for common-stock repurchases in the quarter alone.

In other words, Monday’s headline is capacity and intent, sized against an AI-driven cash engine that has already been buying stock at scale. Authorization of **$235 billion** remaining is far larger than end-of-July cash alone; executing it through fiscal 2028 depends on continued free-cash generation, not a single balance-sheet snapshot. Huang underscored that point on CNBC’s *Squawk Box* the same morning, saying the company expects to generate a lot of cash in coming years and wants to return more to shareholders as it does — remarks reported by CNBC, separate from the formal PR quote.

In May, with its fiscal first-quarter results, NVIDIA’s board had already approved an additional **$80.0 billion** for the same repurchase program and raised the quarterly cash dividend from **$0.01 to $0.25** per share. Monday’s **$150 billion** add sits on top of that earlier expansion; the next **$0.25** dividend is scheduled for **October 1, 2026**, per the company’s second-quarter materials — not a new dividend action announced with the buyback.

What Monday’s materials do **not** settle is pace. There is no disclosed schedule for how much NVIDIA will buy in any given quarter, no statement that the full $235 billion will be spent, and no 8-K link embedded in the press release reviewed for this draft. Prior May language described an $80 billion add as without expiration; this release leans on the fiscal-2028 **expectation** instead. Investors will still look to quarterly Form 10-Q repurchase tables and cash-flow lines for proof of execution.

For a market that has spent years debating how long AI infrastructure spending can fund NVIDIA’s profits, the board’s answer is a capital-return signal: keep investing in the platform shift, and return a record-scale authorization of surplus cash along the way. The verified scoreboard is narrow. **+$150 billion** new authority. **$235 billion** remaining. Company expectation to work that remaining program **through fiscal year 2028**. Separately, on the product side, NVIDIA also unveiled agent-safety tooling the same day — a different story.