Nvidia authorises $150 billion share buyback as stock hits record

By Splitfeed EditorialLast updated Oct 5, 2026, 10:01 UTC

On 29 September 2026, Nvidia announced a $150 billion addition to its share repurchase programme, bringing the total authorised buyback figure to $235 billion. The announcement sent Nvidia shares to an all-time high, and Forbes reported that CEO Jensen Huang's personal fortune crossed $200 billion as a result of the climb. Morgan Stanley has set a price target of $300 on the stock, and Huang separately stated that Nvidia expects to sell twice as many chips in the coming year compared with the current one.

The size of the authorisation is notable because it is, by any measure, a record-scale buyback programme for a technology company. However, an authorisation is a ceiling, not a floor: Nvidia is not legally obligated to spend the full $235 billion, and the company can repurchase shares gradually or not at all depending on market conditions and capital needs. The more substantive debate is about valuation. Analysts are asking whether the stock can justify its current price if the hyperscalers and enterprise customers who are driving AI infrastructure spending begin to pull back, and Huang's chip-volume forecast, while bullish, did not speak to the question of whether Nvidia will hold its dominant market share as competitors close the gap.

None of the three camps have published specific reactions to this story yet, so what follows reflects what each would typically argue. The Pro-AI camp would likely read the buyback and the record stock price as validation that AI infrastructure investment is compounding and that Nvidia's position at the centre of it remains secure. The Anti-AI camp would probably treat the scale of the authorisation and the wealth it concentrates in Huang's hands as evidence of an unsustainable financial bubble built on speculative AI spending. The Middle Ground camp would most likely welcome the signal of corporate confidence while flagging the market-share and customer-concentration risks that analysts are already raising as the genuinely open questions.

The clearest near-term indicators to watch are Nvidia's next earnings release, which would show whether actual chip revenue and guidance are tracking Huang's volume forecast, and any public capital expenditure updates from major cloud customers, whose spending decisions will go a long way toward settling the valuation argument.