Nvidia Just Put a Record $150 Billion Behind Its Own Stock
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Nvidia Just Put a Record $150 Billion Behind Its Own Stock Faizan Farooque Mon, September 28, 2026 at 4:41 PM EDT 1 min read NVDA AAPL This article first appeared on GuruFocus . Nvidia ( NVDA , Financials ) is putting another $150 billion behind its own stock at a time when its valuation looks unusually low by historical standards. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Is NVDA fairly valued? Test your thesis with our free DCF calculator. The chipmaker increased its share-repurchase authorization by a record $150 billion, lifting its remaining buyback capacity to $235 billion. Nvidia expects to use that authorization through fiscal 2028. The new authorization even tops Apple's $110 billion buyback approval in 2024. Nvidia trades at roughly 16.5 times 12-month forward earnings, its lowest multiple since January 2015 and well below its 15-year average of 30 times, according to LSEG data cited by Reuters. The lower multiple comes despite Nvidia forecasting roughly 70% revenue growth for fiscal 2028 as demand for AI training and inference continues to drive its business. CEO Jensen Huang said Nvidia's cash generation allows the company to keep investing in AI technology while returning capital to shareholders. Nvidia ended its July quarter with $22.44 billion in cash and cash equivalents. The company had previously announced an $80 billion buyback in May. Shares rose nearly 2% Monday and have gained more than 20% this year through Friday. The $235 billion authorization now gives Nvidia substantial room to repurchase shares through fiscal 2028, even as investors debate how long today's pace of AI spending can continue.
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