Nvidia Expands Share Buyback Authorization to $235 Billion

Key Facts

1Nvidia expanded its share repurchase authorization to $235 billion, signaling a significant shift in capital allocation.

2The base case price target for NVDA was raised to $367, with a bullish target of $496.40, reflecting the impact of the expanded buyback.

NVIDIA Corporation expanded its share repurchase authorization to $235 billion, signaling a significant shift in the company's capital allocation strategy. Seeking Alpha reported that this expansion brings projected total repurchases to nearly $290 billion through fiscal year 2028, reflecting confidence in future cash flows.

NVDA closed at $228.52 on October 13, 2026, as the base case price target for the stock was raised to $367 following the expanded buyback announcement. In the broader sector, TSM closed at $445.12 and AMD closed at $605.53 on the same date, while analysts set a bullish price target for NVDA at $496.40.