{"id":478879,"date":"2026-09-29T02:18:13","date_gmt":"2026-09-29T02:18:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/478879\/"},"modified":"2026-09-29T02:18:13","modified_gmt":"2026-09-29T02:18:13","slug":"tech-giant-nvidia-announces-the-largest-stock-buyback-in-us-history","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/478879\/","title":{"rendered":"Tech Giant Nvidia Announces the Largest Stock Buyback in US History"},"content":{"rendered":"

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The tech behemoth and chipmaker Nvidia on Monday announced the largest-ever stock buyback increase in US corporate history as its profits continue to explode due to massive spending<\/a> on artificial intelligence data centers, which have drawn increasingly intense grassroots opposition nationwide.<\/p>\n

Nvidia said<\/a> its board \u201chas authorized an additional $150 billion under the company\u2019s existing share repurchase program, increasing the total remaining amount authorized to $235 billion.\u201d Jensen Huang, Nvidia\u2019s CEO and the eighth-richest person in the world<\/a>, said his company\u2019s \u201cgrowth is being driven by a once-in-a-generation platform shift to AI and accelerated computing,\u201d adding that Nvidia\u2019s \u201ccash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders.\u201d<\/p>\n

Stock buybacks reduce the number of a company\u2019s shares outstanding on the public market and boosts earnings per share, typically resulting in a stock price increase and a wealth boost for shareholders and executives who receive stock-based compensation. Nvidia\u2019s stock price jumped by around 3% following Monday\u2019s announcement.<\/p>\n

Critics argue<\/a> that corporate spending on share repurchases amounts to stock price manipulation that diverts resources from more productive uses of capital, such as increasing worker pay and research and development. Buybacks, which were effectively illegal<\/a> until 1982, have surged to record levels<\/a> in recent years, fueled by massive tax cuts<\/a> that President Donald Trump signed into law during his first White House term.<\/p>\n

\u201cThe huge tax cuts corporations received from the 2017 Trump-GOP tax law \u2014 which were supposed to be used to increase employee pay and business investment \u2014 have instead been wasted on trillions of dollars of stock buybacks,\u201d David Kass, executive director of Americans for Tax Fairness, said<\/a> in June. \u201cStock buybacks widen economic inequality by making already wealthy shareholders even richer.\u201d<\/p>\n

Related Story<\/p>\n


\n \"OpenAI
\n <\/a><\/p>\n

\n We can\u2019t let AI companies launder responsibility for tools they created.\n <\/p>\n

The Financial Times noted<\/a> that Nvidia\u2019s buyback increase \u201cbeats Apple\u2019s record $110 billion, set in 2024, for the largest in US corporate history.\u201d<\/p>\n

Nvidia is one of the chief beneficiaries of the AI data center boom that has sparked protests and sustained, bipartisan opposition across the US.<\/p>\n

\u201cNvidia\u2019s chips are the centerpiece of giant AI data centers, and demand for those chips has become a barometer of the AI boom,\u201d The New York Times reported<\/a> last month. \u201cOther technology companies have been buying tens of billions of dollars\u2019 worth of those chips, making Nvidia the most valuable public company in the world, with a market capitalization of about $5 trillion.\u201d<\/p>\n

Nvidia\u2019s profits more than doubled in the second quarter of 2026 compared to the previous year, surging to nearly $60 billion.<\/p>\n

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This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.<\/p>\n","protected":false},"excerpt":{"rendered":"Support justice-driven, accurate and transparent news \u2014 make a quick donation to Truthout today!\u00a0 The tech behemoth and…\n","protected":false},"author":2,"featured_media":478880,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[88,90,89],"class_list":["post-478879","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/478879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=478879"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/478879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/478880"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=478879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=478879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=478879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}