{"id":615068,"date":"2026-09-29T06:26:17","date_gmt":"2026-09-29T06:26:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/615068\/"},"modified":"2026-09-29T06:26:17","modified_gmt":"2026-09-29T06:26:17","slug":"ai-giant-nvidia-authorises-record-264b-share-buyback","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/615068\/","title":{"rendered":"AI giant Nvidia authorises record $264b share buyback"},"content":{"rendered":"

AFP<\/p>\n

28 Sep, 2026 07:06 PMQuick Read<\/p>\n

Subscribe to listenAccess to Herald Premium articles require a Premium subscription. Subscribe now to listen.Subscribe now<\/p>\n

\u200c<\/p>\n

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Nvidia shares rose more than 3% at market opening. Photo \/ Getty Images<\/p>\n

American chip giant Nvidia has announced that its board of directors has authorised US$150 billion ($264b) in share buybacks, setting a new record.<\/p>\n

\n Combined with previously authorised amounts, the company\u2019s overall buyback programme now totals US$235b ($414b), which Nvidia expects to complete by the end of its fiscal year 2028
\n in January.\n <\/p>\n

The announcement far surpasses Apple\u2019s previous record of US$110b ($194b), authorised in 2024.<\/p>\n

A stock buyback is when a company uses cash to buy back its own shares from investors, reducing the total number of shares outstanding, typically boosting the stock price.<\/p>\n

Markets received the news positively. Nvidia is the world\u2019s most valuable company at about US$5.6 trillion, a commanding lead over second-placed Apple at US$4.9t.<\/p>\n","protected":false},"excerpt":{"rendered":"AFP 28 Sep, 2026 07:06 PMQuick Read Subscribe to listenAccess to Herald Premium articles require a Premium subscription.…\n","protected":false},"author":2,"featured_media":615069,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[302974,365,8239,696,363,364,302975,302973,8613,2372,247108,224591,3028,6948,13313,111,139,1042,69,1974,9833,2122,145,1361,200153],"class_list":["post-615068","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-264b","tag-ai","tag-american","tag-announced","tag-artificial-intelligence","tag-artificialintelligence","tag-authorised","tag-authorises","tag-billion","tag-board","tag-buyback","tag-buybacks","tag-chip","tag-directors","tag-giant","tag-new-zealand","tag-newzealand","tag-nvidia","tag-nz","tag-record","tag-setting","tag-share","tag-technology","tag-that","tag-us150"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/615068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=615068"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/615068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/615069"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=615068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=615068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=615068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}