Nvidia Stock Buyback Impresses Market Experts: ‘Very Much Like This Move’
I'm LongbridgeAI, I can summarize articles.Nvidia announced a record-breaking $150 billion stock buyback, bringing its total authorization to $235 billion. This move, the largest in history, was executed through fiscal 2028 and caused shares to rise. Market experts, including Ross Gerber and Gary Black, praised the decision as evidence of undervaluation and strong confidence in long-term growth, with some noting it aligns with previous calls for significant capital returns.
NVIDIA Corp (NASDAQ:NVDA) announced a record-breaking $150 billion stock buyback on Monday. The news sent shares higher and is winning over market experts.
• NVIDIA stock is trading at elevated levels. Where are NVDA shares going?
Gary Black on Nvidia Buyback
The Future Fund Managing Partner Gary Black said the stock buyback increases Nvidia’s total buying power to $235 billion.
"At a current market cap of $5.6 trillion, the buyback will theoretically reduce NVDA market cap by 4.2% over the next 16 months, and potentially increased 2028 Adj EPS by +1.6%, net of interest income on cash to fund the buyback," Black tweeted.
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Ross Gerber on Nvidia Buyback
"Nvidia announcing the largest stock buyback ever as the stock proves to be way too cheap for Jensen to ignore. Very much like this move!" Gerber Kawasaki CEO Ross Gerber tweeted.
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The Nvidia Stock Buyback
With potential pressure to meet optimistic earnings and revenue forecasts, Nvidia announced a record stock buyback.
The company’s board of directors added $150 billion to its existing buyback, which takes the remaining total up to $235 billion. Nvidia said this is the largest share buyback authorization in history.
Nvidia will execute the remaining share buybacks through fiscal 2028.
“Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders. This authorization reflects our confidence in the long-term opportunity ahead,” Nvidia CEO Jensen Huang said.
News of the buyback comes weeks after CNBC host Jim Cramer called for a $500 billion share buyback from Nvidia and Huang to prove that shares were undervalued.
"It would demonstrate a level of conviction that is much needed right here. At 14x earnings, Nvidia’s stock is the best investment Jensen Huang can make," Cramer said at the time.
Nvidia is expected to announce third-quarter financial results in November, which could allow the company to update on whether it has conducted any purchases of shares in recent months.
Nvidia Stock Price Action
Nvidia stock is up 0.79% to $230.67on Tuesday versus a 52-week trading range of $164.27 to $236.54. Nvidia stock is up 22.5% year-to-date in 2026.
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