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Jim Cramer on Nvidia's $150 billion buyback expansion

Nvidia has increased its share repurchase authorization by $150 billion, the largest such increase in history. This move brings the total buyback authorization to $235 billion. While CNBC's Jim Cramer described the expansion as a major step that could change the stock's trajectory, he conditioned its success on Nvidia adopting a disciplined execution strategy similar to that of former Apple CFO Luca Maestri. This approach involves steady purchasing and accelerated buying during price dips to effectively reduce diluted shares and boost shareholder value.

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  • ✓ Nvidia authorized a $150 billion increase to its share buyback program.
  • ✓ The $150 billion boost is the largest share repurchase authorization increase in history.
  • ✓ The total share buyback authorization has reached $235 billion.
🛡️ Source Corroboration: 13 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Nvidia authorized a record-breaking $150 billion increase to its share repurchase program.

Live updates

  1. Nvidia Authorizes Record $150 Billion Share Buyback Expansion

    Nvidia has increased its share repurchase authorization by $150 billion, the largest such increase in history. This move brings the total buyback authorization to $235 billion. While CNBC's Jim Cramer described the expansion as a major step that could change the stock's trajectory, he conditioned its success on Nvidia adopting a disciplined execution strategy similar to that of former Apple CFO Luca Maestri. This approach involves steady purchasing and accelerated buying during price dips to effectively reduce diluted shares and boost shareholder value.

    Why it matters

    The buyback comes amid an AI spending boom that has significantly increased the chipmaker's cash flow. Some analysts suggest the stock is historically cheap based on earnings expectations, making it an attractive investment for CEO Jensen Huang.

    What is confirmed

    • Nvidia authorized a $150 billion increase to its share buyback program.
    • The $150 billion boost is the largest share repurchase authorization increase in history.
    • The total share buyback authorization has reached $235 billion.

    Still unconfirmed

    • Consensus revenue for the fiscal year is nearly double at about $412 billion.

    What to watch next

    • Upcoming financial reports detailing actual share count reduction
    • Nvidia's specific buyback activity during stock price dips
    Sources used for this update (21)
    1. NVIDIA Newsroom — NVIDIA Announces a $150 Billion Share Repurchase Authorization Increase
    2. The New York Times — Nvidia Adds $150 Billion to Massive Stock Buyback, the Largest Ever
    3. Yahoo Finance — Jim Cramer on Nvidia's $150 billion buyback expansion
    4. CNET — Nvidia’s $150 Billion Buyback: A Lifeline for AI Hype, Not Everyday Investors
    5. WSJ — 💬 Money Quote: Jensen Huang
    6. 247wallst.com — Cramer Says Nvidia’s $150 Billion Buyback Only Matters If It Copies One Apple Executive
    7. www.cnbc.com — Nvidia share buyback plan gets $150 billion boost
    8. www.cnbc.com — Nvidia share buyback plan gets $150 billion boost
    9. www.cnbc.com — Jim Cramer says Nvidia’s record buyback could ‘change the trajectory’ of the stock
    10. finance.yahoo.com — Nvidia Announces Largest Buyback In History. Cramer Says “It ...
    11. aventure.vc — Jim Cramer says Nvidia’s record buyback c... - aVenture News
    12. finance.yahoo.com — Jim Cramer on Nvidia's $150 billion buyback expansion
    confidence 95%
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