Nvidia targets $150B in share repurchases as 2026 growth slows

By Splitfeed EditorialLast updated Sep 29, 2026, 12:40 UTC

In late September 2026, reporting emerged that Nvidia has authorized what would rank among the largest share repurchase programs in corporate history, totaling $150 billion. The company also raised its dividend during 2026, a move that drew comparisons to established dividend growth stocks. These announcements came alongside data showing Nvidia's stock momentum had slowed to 19% growth in 2026, a figure that represents a notable deceleration from the explosive gains the company posted in prior years.

The $150 billion buyback figure matters because it signals that Nvidia's leadership believes the stock is undervalued at current prices, or at minimum that returning capital to shareholders is now a priority alongside heavy investment in AI infrastructure. A dividend hike reinforces that framing, positioning Nvidia less as a pure high-growth speculation and more as a maturing technology company with shareholder-return commitments. The genuine dispute is whether 19% growth represents a healthy normalization after an extraordinary run, or an early warning that the AI-driven demand surge underpinning Nvidia's valuations is cooling. MarketWatch reported that by at least one measure the stock remains a bargain, while other outlets are asking when and at what price investors should be buying after recent gains.

None of the three camps, Pro-AI, Anti-AI, or Middle Ground, have published reactions to this specific story yet. Pro-AI voices would typically treat a $150 billion buyback and dividend hike as confirmation that AI hardware demand remains structurally strong and that Nvidia's dominance is durable enough to justify aggressive capital returns. Anti-AI voices would likely point to the slowdown in momentum as evidence that the AI investment cycle is approaching a ceiling, with the buyback framed as a sign that organic growth opportunities are narrowing. Middle Ground commentators would probably argue that the deceleration to 19% growth is a natural maturation signal, and that the real question is whether valuations already price in that slower trajectory.

The clearest near-term marker to watch is Nvidia's next quarterly earnings report, which would show whether revenue and data center order growth are tracking in line with or below the 19% annual growth figure, and whether management reaffirms or adjusts the pace of buyback execution.