NVIDIA expands share buyback by $150 billion, boosting stock toward 52‑week high
NVIDIA's board approved a $150 billion increase to its share repurchase program, raising total remaining capacity to $235 billion. The news lifted the shares 1.2% in pre‑market trading, bringing the price close to the 52‑week high of $236.54. Morgan Stanley named the stock a Top Pick, Barclays highlighted $30 billion of hyperscaler revenue upside and a 2027 revenue estimate of $401 billion, and Cantor Fitzgerald kept an overweight rating with a $350 price target. Analysts also noted Amazon’s plan to allocate roughly $8 billion of NVIDIA Grace Blackwell chips to a special‑purpose vehicle.
Why it matters
The expanded buyback increases cash returns to shareholders and signals management confidence in AI‑driven growth, which may support the stock’s upward momentum. Analyst upgrades and a high price target could attract additional buying pressure, while the larger buyback capacity may limit future dilution.
Key facts
- 1The board authorized a $150 billion addition to NVIDIA’s share repurchase program. investing.com
- 2The expansion raised total remaining buyback capacity to $235 billion. investing.com
- 3NVIDIA stock rose 1.2% in pre‑market trading, nearing its 52‑week high of $236.54. investing.com
- 4Morgan Stanley named NVIDIA a Top Pick in the semiconductor sector. investing.com
- 5Barclays analyst cited at least $30 billion of hyperscaler revenue upside and a 2027 estimate of roughly $401 billion. investing.com
- 6Cantor Fitzgerald maintained an Overweight rating with a $350 price target. investing.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.