The Aporia · Nvidia's board increases chipmaker's share buyback plan by $150 billion

Nvidia's board increases chipmaker's share buyback plan by $150 billion

Read the original at The Independent ↗

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Associated Press. (2026, September 28). Nvidia's board increases chipmaker's share buyback plan by $150 billion. The Independent. https://www.independent.co.uk/news/world/americas/nvidia-ceo-california-shares-b3057771.html

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Quick Summary

Nvidia’s board has approved an additional $150 billion for share buybacks, bringing the total repurchase program to $235 billion. This decision aims to capitalize on the company's revenue growth, driven by demand for its high-end AI chips. Nvidia expects to execute this plan through January 2028 and sees it as a reflection of confidence in future opportunities despite growing skepticism about the long-term benefits of AI investment.

Written by AI on 2026-09-28, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

On September 28, 2026, Nvidia increased its share buyback authorization by a record $150 billion, surpassing Apple’s previous record of $110 billion set in 2024. This move comes amid growing demand for AI chips and brings Nvidia's total buyback capacity to $235 billion, expected to be used through January 2028. Despite a recent slowdown in stock buybacks, Nvidia's board approved the plan to return excess cash to investors and support stock prices as the company experiences rapid revenue growth driven by artificial intelligence technology. The announcement lifted Nvidia’s shares, which had been trading near their lowest valuation since 2015 at about 16.5 times forward earnings.

Written for “Nvidia Share Buyback Plan” on 2026-11-04, grounded in this article and the 2 other(s) covering the same event.

Compared with similar articles

This article reads unscored and hedges 7% of its claims. Each row says how that neighbour differs.

Nvidia boosts share buyback by record $150B as AI boom fuels growth Same event

New York Post

Hedges 2 of 13 claims Outlet record 66/100

Nvidia shares rise after largest-ever $150 billion buyback plan is announced Same event

The Independent

Hedges 2 of 13 claims Outlet record 59/100

How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted

sentences that state something as happening or true

Uncertain

1 of 14 hedged ("reportedly", "may", "according to")

Leaning

not political

takes no side on a contested political question

Publisher signals

59/100

The Independent's corrections and hedging, across everything collected from it. Not a measure of accuracy.

Outlets on this story

Economy/Business

Same framing elsewhere

articles that frame the event the way this one does

Analyzed 2026-09-28 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability

Source leaning vs. consistency

Publisher

The Independent · 3661 article(s) · 10 correction(s) detected

Running correction rate · 10 correction(s)

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Topics

California Independent Nvidia Santa Clara U.S.

Subjects

Nvidia ORG · 6× California GPE · 1× Independent NORP · 1× Jensen Huang PERSON · 1× Santa Clara GPE · 1× U.S. GPE · 1×

Narrative

Nvidia’s board has cleared the way for the company to spend $150 billion more in share buybacks as the chipmaking giant looks to make use of more of its stellar revenue growth fueled by demand for its high-end artificial intelligence chips.

framing: assertive · carried by 1 article(s) · first seen 2026-09-28

🔮 While AI has powered stock market gains and U.S. economic growth in recent years, there’s been growing skepticism about whether AI will justify the trillions of dollars being spent to develop the technology.

2026-09-28 · The Independent

Nvidia's board increases chipmaker's share buyback plan by $150 billion · assertive framing

Claims (14 extracted, 1 hedged)

giant → clear → chips

The Santa Clara, California, company said Monday the share buyback increase, which it touted as the largest ever, brings its stock repurchase program to $235 billion. asserted

it → say → billion

Nvidia said it expects to “execute” the share buyback plan through its fiscal year that ends in Jan. 30, 2028. asserted

that → say → Jan.

Companies use repurchases, in part, to return cash to investors and support the stock’s price. asserted

Companies → use → price

Earnings per share can increase because there are fewer shares outstanding. asserted

Earnings → increase → share

Buybacks also signal confidence from leadership about a company’s financial prospects. asserted

Buybacks → signal → prospects

“NVIDIA’s growth is being driven by a once-in-a-generation platform shift to AI and accelerated computing,” said Jensen Huang, Nvidia's founder and CEO. asserted

Huang → drive → AI

“Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders. asserted

that → give → shareholders

This authorization reflects our confidence in the long-term opportunity ahead.” asserted

authorization → reflect → opportunity

Shares in Nvidia climbed 2.3% in morning trading Monday. asserted

Shares → climb → trading

Nvidia’s high-end chips have emerged as the leading building blocks for AI, and are highly sought after. asserted

chips → emerge → AI

The company reported quarterly profits of $59.69 billion late last month. asserted

company → report → billion

While AI has powered stock market gains and U.S. economic growth in recent years, there’s been growing skepticism about whether AI will justify the trillions of dollars being spent to develop the technology. asserted

AI → power → technology

The AI industry is also faces increasing pushback amid objections to the expansion of data centers and fears that the rapid speed of AI adoption could lead to widespread job losses worldwide. uncertain

speed → face → losses