Nvidia Backs FY28 Outlook with Record $235 Billion Share Buyback Program

Key Facts

1Nvidia management backed FY28 guidance supported by a record $235 billion share buyback program.

2The company expects supply constraints to persist through 2027 amid robust demand from hyperscalers.

3Nvidia's strategic moves, including the Hugging Face acquisition, are drawing antitrust scrutiny.

Nvidia management backed its financial guidance for fiscal year 2028, supported by a record $235 billion share buyback program. Seeking Alpha reported that the company expects supply constraints to persist through 2027, even as demand from hyperscalers remains robust. The move signals management's confidence in future free cash flow despite ongoing operational hurdles.

NVDA closed at $226.32 on October 12, 2026, as the company's strategic moves, including the Hugging Face acquisition, face intense antitrust scrutiny. In the broader sector, AMD closed at $594.24 and TSM closed at $444.35 on October 12, 2026, while INTC recorded a closing price of $101.35.