GoKawiilNvidia authorizes $150 billion stock buyback, total capacity hits $235 billion
Nvidia approved a new $150 billion share repurchase program on Monday, raising its total buyback authorization to $235 billion through fiscal 2028. The company posted $96.2 billion in quarterly revenue, up 106% year-over-year, and returned about $26 billion to shareholders in the second quarter of fiscal 2027 through buybacks and dividends.
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Financial Times reporter Robin Wigglesworth argues that AI startups are spending investor money on Nvidia chips without generating comparable revenue themselves, pointing to circularity where the same firms act as each other's customers, investors and lenders. This suggests Nvidia may be capturing outsized profits from the AI boom while other participants, including hyperscalers taking on roughly $300 billion in new debt in 2026, still struggle to show the spending pays off.
- Nvidia's new buyback brings its total authorized repurchase capacity to $235 billion through fiscal 2028.
- Quarterly revenue rose 106% year-over-year to $96.2 billion, with $26 billion returned to shareholders.
- Analysts cited in the report question whether AI companies broadly are generating enough revenue to justify their spending on Nvidia's hardware.
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Published there as: “Nvidia’s $150 Billion Buyback: A Lifeline for AI Hype, Not Everyday Investors”
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