Why Nvidia (NVDA) Stock Is Trading Up Today
Yahoo Finance ·
Why Nvidia (NVDA) Stock Is Trading Up Today Adam Hejl Mon, September 28, 2026 at 6:38 PM EDT 2 min read NVDA What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 2.7% in the morning session after the company authorized an additional $150 billion for its share buyback program, taking the total authorization to $235 billion. According to CNBC, the chipmaker said the increase is the largest share-repurchase authorization boost in history and that it expects to complete the remaining buyback program through fiscal 2028. CEO Jensen Huang said in a statement that Nvidia's growth is being driven by a "once-in-a-generation platform shift to AI and accelerated computing," and that strong cash generation lets the company invest in that buildout while returning capital to shareholders. Speaking on CNBC's "Squawk Box," Huang called the AI infrastructure cycle the largest buildout in human history and said Nvidia plans to return more cash to shareholders as it generates it. A record buyback authorization typically supports the stock by signaling management confidence and reducing share count when cash flow is strong. After the initial pop, the shares cooled down to $231.14, up 2.7% from the previous close. Is now the time to buy Nvidia? Access our full analysis report here, it's free . Nvidia's shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was about 1 month ago when the stock gained 8.3% on the news that the company reported second-quarter financial results that topped Wall Street expectations and projected 70% revenue growth for the next year (fiscal 2028). According to a company press release and earnings commentary, Nvidia reported revenue of $96.22 billion for the second quarter, up 106% year-over-year, alongside adjusted earnings per share of $2.22. Both figures surpassed Wall Street consensus estimates, which called for revenue of $92.37 billion and adjusted earnings of $2.09 per share. Nvidia is up 22.4% since the beginning of the year, and at $231.14 per share, it is trading close to its 52-week high of $235.74 from May 2026. Investors who bought $1,000 worth of Nvidia's shares 5 years ago would now be looking at an investment worth $11,167. ALSO WORTH WATCHING: Nvidia's Quiet Partner. Nvidia's chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don't make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE .
DYAX Investor Sentiment
Bullish (Long) 54% · Bearish (Short) 46%
291 participants
Related News
- Sandisk Jumped 22% the Day After Micron's Last Report. Micron Reports Again Wednesday.
- 3 Australian AI Stocks For September 2026
- S&P 500, Dow, Nasdaq Drop Under Pressure From Elevated Yields As Investors Shrug Off Trump’s Iran Sanction Relief — NVDA, BA, AMD, NVTS, CBRS In Focus
- AMD just spent $8.2 billion to enlist the 'Godmother of AI'
- Bank of America (BAC) is Investing for Growth. Can Its Earnings Keep the Pace?
- Why Meta (META) Stock Is Trading Lower Today
