GoKawiilNvidia boosts buyback authorization by $150 billion to $235 billion total
Nvidia's board approved an additional $150 billion in share repurchases, bringing its total remaining buyback authorization to $235 billion, the company said Monday. Nvidia called it the largest buyback increase in its history and said it expects to complete the program by fiscal 2028. Shares rose nearly 3% on the news, extending a roughly 24% year-to-date gain.
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CNBC's Jim Cramer said the buyback could 'change the trajectory' of Nvidia's stock, arguing the company's stock performance has lagged its financial results despite earnings more than doubling in recent quarters. Reducing shares outstanding through buybacks can lift earnings per share and reward remaining shareholders, which may help explain why Cramer has pushed Nvidia to follow Apple's long-running repurchase strategy. Nvidia's 2025 stock gain still trails the broader semiconductor ETF's 86% rise, a gap Cramer suggests the expanded buyback is meant to help close.
- Nvidia added $150 billion to its buyback authorization, for a total of $235 billion.
- The company expects to complete the repurchase program by fiscal 2028.
- Despite strong earnings growth, Nvidia has underperformed most peers in the iShares Semiconductor ETF this year.
Source: cnbc.com — Alexa Lomonaco, 2026-09-28
Published there as: “Jim Cramer says Nvidia’s record buyback could ‘change the trajectory’ of the stock”
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