What happened
Nvidia has set a new record for the largest corporate share repurchase authorization, with its board approving a $150 billion increase to its share buyback program. This surpasses Apple's $110 billion buyback approval in 2024. The decision was made as the company continues to generate significant profits from the artificial intelligence boom.
The company's shares rose nearly 2% following the announcement. Nvidia had already been buying back stock at a rapid pace, repurchasing approximately $39.8 billion worth of shares during the first half of fiscal 2027. The company returned a record $26 billion to shareholders during the second quarter, including $20 billion through share repurchases and $6 billion through dividends.
Nvidia's revenue has seen significant growth, with $96.2 billion in second-quarter revenue, up 106% from a year earlier. The company's data center revenue reached $89 billion, driven by the global race to build AI infrastructure. In addition to its share buyback program, Nvidia has also unveiled its Open Agent Safety Platform, a software designed to secure autonomous AI agents from development through deployment.
