United States · Business news · AI & Tech · 28 Sept 2026
AI: Chips and hardware · Nvidia · AMD · Intel — more AI news
Nvidia's board authorised a further $150 billion of share repurchases, the largest increase any company has announced and above Apple's $110 billion in 2024. Total buyback capacity is now $235 billion, which Nvidia plans to use through fiscal 2028. The company has forecast revenue growth of about 70% for fiscal 2028.
The $235 billion is cash earned from AI chip sales to cloud companies being returned to shareholders rather than spent on capacity or acquisitions. It comes while Nvidia's shares, up just over 20% this year, trail AMD (more than doubled) and Intel (more than tripled) as competition in AI chips grows, and with the stock at about 16.5 times forward earnings, its lowest multiple since 2015. Nvidia ended its latest quarter with $22.44 billion in cash and equivalents, so the buybacks are to be funded from future cash flow.
Reported by Reuters via Investing.com — “Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance” ↗ on 28 Sept 2026.
Official series on 28 Sept 2026 or the last day before it, and the latest observation.
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