Nvidia Approves $80 Billion Share Buyback Expansion

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May 24, 2026 — Nvidia expanded its stock repurchase program this week after reporting another quarter of record-breaking growth driven by artificial intelligence demand. The company’s board approved an additional $80 billion share buyback authorization as investors closely monitored the chipmaker’s earnings outlook and capital return strategy.

Nvidia Expands Buyback Program

Nvidia’s board authorized an extra $80 billion in stock repurchases, adding to approximately $38.5 billion remaining under its previous authorization. The move marked one of the largest buyback expansions ever announced by a technology company.

The company also sharply increased its quarterly dividend, reflecting management’s confidence in future cash generation despite growing competition across the AI semiconductor sector.

Strong Earnings Continue to Drive Momentum

Nvidia recently reported fiscal first-quarter revenue of $81.6 billion, representing an 85% increase compared with the same period last year. Operating profit also surged as demand for AI infrastructure and advanced data center chips remained strong.

CEO Jensen Huang said long-term demand for AI computing continues to expand as businesses accelerate adoption of agentic AI technologies.

Investors Debate Capital Return Strategy

While investors generally welcomed the massive buyback announcement, some analysts argued Nvidia could still return even more capital to shareholders given the company’s strong free cash flow position.

Analysts also noted that Nvidia continues investing heavily across the broader AI ecosystem, including infrastructure projects and strategic investments in technology companies tied to artificial intelligence development.