Nvidia adds $150 billion to its share repurchase plan

By Splitfeed EditorialLast updated Sep 30, 2026, 13:10 UTC

On September 28, 2026, Nvidia announced a $150 billion addition to its existing share repurchase authorization, one of the largest buyback expansions on record for any company. The same day, reports noted Nvidia had also raised its dividend in 2026, drawing comparisons to other dividend growth stocks. The buyback news arrived against a backdrop of slowing stock momentum, with Nvidia shares up roughly 19% in 2026, a marked deceleration from the explosive gains of prior years. At least one analyst, writing at MarketWatch, argued the stock remains undervalued by a specific valuation measure, though the precise metric was not identified in available headlines.

The scale of the repurchase program matters because it signals where Nvidia's leadership believes the company's capital is best deployed. A $150 billion buyback at this stage suggests confidence that the share price does not reflect the company's underlying value, or at minimum that returning cash to shareholders is preferable to alternative investments. It also lands at a moment when scrutiny of the AI industry's costs, returns, and governance is intensifying, making large financial moves by the sector's dominant chipmaker politically and economically significant. The question genuinely in dispute is whether this is a sign of Nvidia's durable strength or a defensive maneuver as growth rates cool.

The Anti-AI camp is skeptical of the broader context surrounding Nvidia's moves. Dare Obasanjo, posting as @carnage4life.bsky.social, paraphrased Nvidia's posture as stepping in to solve AI safety problems only after they threatened the company's revenue. Kaylyn Saucedo, posting as @marzgurl.com, argued that AI risk narratives are manufactured, allowing Nvidia to profit from both the problem and the solution. Dayv, posting as @dayv.wtf, described Nvidia's leadership as protecting what amounts to an "infinite money chute." The Middle Ground camp, represented by Ed Huyer at @arcanum3000.bsky.social, took a more measured view, noting that Nvidia asserting control when others fail to act is a recognizable pattern, not a new crisis. The Pro-AI camp has not yet weighed in publicly, though stories of this kind typically draw arguments from that camp that large buybacks and dividends confirm Nvidia's fundamental soundness and validate long-term confidence in AI infrastructure spending.

The clearest signal to watch will be any disclosure of the total outstanding repurchase authorization, which would put the $150 billion figure in full context, along with Nvidia's next quarterly earnings, which would show whether the 19% growth figure is stabilizing or continuing to slow.