Nvidia's Record $150B Buyback Boost Lifts Stock, Hammers Inverse ETF
NVDA sits 39% above its 52-week low of $164.27.
Summary
Nvidia announced a record $150 billion increase to its share repurchase authorization, lifting total remaining buyback capacity to $235 billion. The company said the additional authorization reflects confidence in the long-term AI opportunity and will be executed through fiscal 2028. The news pushed NVDA shares up over 2% on Monday, while the GraniteShares 2x Short NVDA Daily ETF (NVD) fell about 5% on heavy volume of 83.9 million shares. The T-REX 2X Long Nvidia Daily Target ETF rose about 7%, showing how leveraged products amplify the move. This follows Nvidia's Q2 FY27 results in August, which showed revenue doubling to $96.2B and supply commitments surging to $279B, underscoring the cash generation behind the buyback. The buyback is the largest increase in a share-repurchase program in history and signals management's view that the stock remains undervalued relative to its AI growth prospects.
Updates
· Reuters — The Nasdaq fell 0.9% overnight, cushioned by Nvidia's buyback-driven stock gain amid a bond selloff.
At the time of this announcement, NVDA was trading at $228.74 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5T. The 52-week trading range was $164.27 to $236.54. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.