Nvidia's record buyback shows chipmaker's stock is too cheap for CEO Huang to resist
$150B. That's what Nvidia's CEO just committed to buying back the company's own stock—a signal the chipmaker thinks it's undervalued even as AI capex stays white-hot.
Why it matters
Nvidia's massive buyback signals confidence in long-term AI demand but also reflects near-term stock valuations the company sees as cheap. For enterprise buyers, this reinforces Nvidia's conviction in its AI infrastructure dominance; for practitioners, it's a marker of vendor financial health and strategic focus amid competitive pressure.
The key facts
5 to knowNvidia authorizing hundreds of billions in stock buybacks
CEO Jensen Huang executing buybacks despite stock being historically cheap on earnings expectations
Buyback scale suggests confidence in sustained AI infrastructure demand
Timing reflects valuation opportunity relative to near-term AI capex cycle
Published September 29, 2026
The story so far
Earlier coverage of this storyline
- Nvidia launches record $150bn share buybackFinancial Times Technology
- This story
Go to the source
CNBC Technologycnbc.com
Publisher excerpt: Nvidia is looking to spend hundreds of billions of dollars buying its stock at a time when it's historically cheap based on earnings expectations.