September 29, 2026 · Markets
Nvidia’s board increased the company’s share-repurchase authorization by $150 billion, a step larger than Apple’s $110 billion approval in 2024 and described as the biggest-ever increase in a stock buyback program. Remaining authorization was reported around $235 billion through fiscal 2028.
Companies use buybacks to return cash to shareholders and support the stock when growth expectations are already priced in. Coverage framed the move against heavier competition in AI accelerators and recent pressure on Nvidia’s share performance, even as the firm remains the default supplier for frontier training clusters.
The authorization lands in the same 24-hour window as Nvidia’s Open Agent Safety Platform—software and DPU controls aimed at rogue agents. Together, the two announcements say the company is both defending its equity story with cash and trying to own the safety layer around the GPUs that run agents.
Buybacks do not add training FLOPs. They do signal that management sees more cash than high-return internal projects at the margin, or at least wants a larger toolkit against valuation swings as customers dual-source silicon and as custom chips proliferate.
Key takeaway. The largest buyback increase on record is Nvidia telling markets it can fund shareholders and still underwrite the AI factory era—while competition finally shows up in the stock.
Photo: Unsplash (circuit board). Sources: BNN Bloomberg, Associated Press / Mercury News, company announcement via The Neuron, Sept. 28, 2026.
