StocksMediumUpdated•Originally published 29 September 2026•Updated 29 September 2026•
1 min read
Nvidia Boosts Share Buyback to $235 Billion as Big Tech Peers Halt Repurchases
Key Facts
1Nvidia shares reversed gains following the announcement of a massive $150 billion stock buyback program.
2The NVD ETF tied to Nvidia became the market's most-traded ETF, highlighting intense leveraged inverse trading activity.
NVIDIA Corporation expanded its share buyback program to a total of $235 billion. The move highlights a diverging capital allocation strategy among tech giants, as Alphabet and Meta have halted their respective repurchase programs to reallocate funds toward AI initiatives.
NVDA closed at $229.2755 on September 29, 2026, navigating a daily range between a high of $232.82 and a low of $229.0801. Within the semiconductor sector, TSM closed at $457.15 on September 29, 2026, while AMD and INTC finished at $607.87 and $116.03 respectively on September 28, 2026.