The new authorization brings NVIDIA’s remaining share-buyback capacity to about $235 billion, with the company planning to use the authorization through fiscal 2028.
The move comes as NVIDIA continues to benefit from massive spending on AI infrastructure. Technology companies and cloud providers are investing heavily in advanced processors and data centers needed to train and operate increasingly sophisticated AI systems.
NVIDIA’s latest results highlight the strength of that demand. The company reported $96.2 billion in quarterly revenue, representing a 106% increase from the same period a year earlier. Its data-center business generated approximately $89 billion, up 117% year over year.
Despite committing substantial resources to future AI development, NVIDIA is also returning significant capital to investors through share repurchases.
The company ended its latest quarter with approximately $22.44 billion in cash and cash equivalents, underscoring the substantial cash generation produced by its expanding AI business.
NVIDIA's position at the center of the AI semiconductor market has transformed the company into one of the industry's most valuable technology businesses, with demand for its accelerated-computing products remaining a major driver of its financial performance.
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