Nvidia has increased its stock buyback authorisation by a record $150 billion. The move signals the chipmaker’s confidence in its financial strength and future prospects.

According to reports, the company’s remaining buyback authorisation now stands at $235 billion. The programme is expected to run through fiscal 2028.

The announcement came as Nvidia shares surged on strong demand for its AI chips. The company has been one of the biggest beneficiaries of the artificial intelligence boom.

Analysts said the record buyback reflects Nvidia’s massive cash generation. The company will likely continue returning capital to shareholders while investing in next-generation chips.

Nvidia’s market value has soared as AI spending boomed. The company reported strong earnings recently on data centre chip sales, and the programme gives it flexibility to repurchase shares over time. The chipmaker remains central to the AI infrastructure build-out, and its chips power data centres run by the world’s largest tech firms.