Nvidia authorises $150B buyback as shares hit record high

By Splitfeed EditorialLast updated Oct 2, 2026, 18:20 UTC

On 29 September 2026, Nvidia authorised a $150 billion share repurchase programme, the largest in the company's history. Within days of the announcement, Nvidia shares climbed to an all-time high, and Forbes reported that CEO Jensen Huang's net worth crossed $200 billion as a result. Around the same time, Huang projected that Nvidia would sell twice as many chips the following year, a claim that drew attention from financial commentators. Separately, a real estate company that had purchased Nvidia chips was reported to be weighing a sale of its real estate operations, an anecdote that illustrated how broadly capital is being reoriented around AI hardware.

The scale of the buyback matters beyond the headline figure. A $150 billion repurchase authorisation signals that Nvidia's leadership believes the stock either represents good value or that returning cash to shareholders is the most productive use of capital at this moment, or both. It also arrives at a point when questions about the sustainability of AI infrastructure spending are live. Huang's chip sales forecast, while bullish, was noted by Barchart as conspicuously silent on the question of market share competition, a gap that matters because rivals are actively working to offer alternatives to Nvidia's dominant position in AI accelerators. Whether Nvidia can maintain its pricing power and volume simultaneously is the underlying argument the buyback announcement has reopened.

None of the three camps, Pro-AI, Anti-AI, or Middle Ground, had published specific reactions to this story at the time of writing. A Pro-AI camp would typically treat the buyback and record share price as confirmation that the AI buildout is real, durable, and rewarding to those who invested early. An Anti-AI camp would be expected to flag the buyback as a sign that financial engineering is amplifying an asset bubble built on speculative AI demand rather than proven returns. A Middle Ground camp would likely focus on the unanswered competition question, arguing that Nvidia's current dominance is not guaranteed and that Huang's volume forecast deserves scrutiny alongside market share trends.

The claim that Nvidia will sell twice as many chips the following year is the figure worth tracking. Quarterly earnings reports and any announcements from competing chip designers over the coming months would provide early evidence of whether that projection holds, and whether Nvidia's margin on those chips stays intact as competition intensifies.