Nvidia authorized the largest single share buyback in corporate history with a $150 billion increase, bringing its total remaining repurchase authorization to $235 billion. The announcement sent Nvidia shares up roughly 2.8%, extending a year-to-date gain of about 24%. The company executed $39.8 billion in buybacks during the first half of fiscal 2027 and ended the July quarter with $22.44 billion in cash. With a market capitalization of approximately $5.4 to $5.5 trillion, Nvidia is signaling the durability of AI infrastructure spending through fiscal 2028. This buyback dwarfs Apple’s previous record of $110 billion set in 2024.
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