Nvidia Stock Rises 1.7% After Record $150B Buyback

NVIDIA2 min read6 sources

Why did Nvidia stock rise 1.7%?

Nvidia (NVDA) stock rose 1.7% to $228.86 on Monday after the chipmaker added a record $150 billion to its buyback, a vote of confidence while shares trade at their cheapest since 2015.

Key numbers

New buyback authorization	$150BRecord; tops Apple's $110B in 2024
Remaining buyback capacity	$235BTo be used through fiscal 2028
Forward P/E	16.5xLowest since Jan 2015; 17x per [2]
Share price (Sep 28)	$228.86+1.7% on the day (per [2])
Q2 revenue	$96.2B+106% YoY

What happened

Nvidia (NVDA) stock rose 1.7% to $228.86 on Monday after the chipmaker added a record $150 billion to its buyback, a vote of confidence while shares trade at their cheapest since 2015. A buyback is when a company spends its own cash to purchase its shares. Nvidia expects to use the full $235 billion of remaining capacity by the end of fiscal 2028. The stock now trades at about 16.5 times expected profits (forward P/E), its lowest since January 2015 and well below a 30-times average. Sales last quarter hit $96.2 billion, up 106% from a year earlier.

Why it matters

Nvidia is putting its own cash behind its stock at a time when the shares look cheaper compared with profits than at any point in more than a decade. Buybacks reduce the number of shares in circulation, so each remaining share owns a slightly bigger slice of the company. The record size also signals that management expects demand for AI chips to last.

Who this affects

Marketbullish Medium impact: Supportive for Nvidia holders and AI-linked stocks.
Companybullish Medium impact: Shrinks share count over time, good for shareholders.
Competitorsneutral Low impact: AMD trades at a far higher valuation than Nvidia.
Industrybullish Low impact: Signals management confidence in lasting AI chip demand.

Nvidia vs AMD, Broadcom


NvidiaNVDA	$5.5T	+0.5%	+20%	16.5x
AMDAMD	$1T	+0.7%	+195%	~51x
BroadcomAVGO	—	-1.1%	—	—

As of 2026-09-30

How we got here

Aug 26, 2026
Nvidia reports Q2 revenue of $96.2B, up 106% from a year earlier.
Sep 28, 2026
Nvidia adds a record $150B to its buyback, lifting remaining capacity to $235B.
Sep 28, 2026
Shares rise about 1.7% to $228.86, near a forward P/E of 16.5x.