Total buyback approvals reach $235 billion
Surpasses Apple's previous record
![Nvidia CEO Jensen Huang arrives at a state dinner hosted by President Donald Trump for Chinese President Xi Jinping at the East Room of the White House in Washington on Thursday (local time). [AP]](https://wimg.heraldcorp.com/news/cms/2026/09/29/news-p.v1.20260929.5f9145d5f8254143a98657d3ca7152fd_P1.jpg)
Nvidia, the dominant player in AI semiconductors, has approved an additional $150 billion in share buybacks, the largest such program in US corporate history.
The company said its board approved adding $150 billion to its existing buyback program on Monday (local time), bringing Nvidia's total approved buyback amount to $235 billion.
The latest addition alone exceeds the $110 billion buyback Apple announced in May 2024, previously the largest on record. The move comes just four months after Nvidia's board raised its buyback limit by $80 billion.
"Nvidia's growth is being driven by a once-in-a-generation platform transition to AI and accelerated computing," CEO Jensen Huang said. "Our strong cash generation allows us to invest in the technology while returning capital to shareholders."
Nvidia, which dominates the market for AI GPUs and data center semiconductors, now holds the top spot by market capitalization, with a valuation exceeding $5.4 trillion.
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