Movement Alert|NVIDIA Rises 3.08% in Regular Trading, Boosted by $150 Billion Share Buyback Expansion

Market Focus
Sep 28

On September 28, NVIDIA rose 3.08% in regular trading, trading at $232.56/share, with turnover of $6.378 billion. The rally was primarily driven by the company's announcement of a $150 billion increase in its share repurchase authorization.

NVIDIA's board expanded its stock buyback program by $150 billion, bringing the total authorization to $235 billion, with the company expecting to execute the plan through fiscal 2028. CEO Jensen Huang stated that NVIDIA's growth is powered by an unprecedented platform transition toward AI and accelerated computing, and that robust cash flow enables the company to invest in transformative technologies while returning value to shareholders. Separately, the company's commitment volume surged from $119 billion last quarter to $279 billion, and NVIDIA reported that Anthropic's contract value exceeded $180 billion.

Beyond the buyback, NVIDIA also unveiled the Open Agent Safety Platform, a dual-layer AI security system featuring OpenShell and Sentry tools for real-time monitoring of AI agent behavior. Additionally, Huang is scheduled to meet Samsung Electronics Chairman Jay Y. Lee and SK Group Chairman Chey Tae-won in New York to discuss deepening AI chip and HBM collaboration.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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