Nvidia boosts buyback plan by $150B in new record

Technology giant Nvidia announced Monday it is boosting its stock buyback program by $150 billion, setting a record for the largest repurchasing allotment in history.

The company’s board of directors authorized the increase , which boosts the total amount in Nvidia’s buyback program from $85 billion to $235 billion. Apple authorized a $110 billion buyback program in 2024, which was a record at the time.

Growing demand for chips to power AI data centers has sent Nvidia’s profits soaring, as the company last month reported $96.2 billion in revenue for the second quarter of this year. That marked an increase of 106 percent relative to the second quarter of 2025.

Nvidia CEO Jensen Huang said Monday the company’s growth “is being driven by a once-in-a-generation platform shift to AI and accelerated computing.”

Huang added in a release , “Our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders. This authorization reflects our confidence in the long-term opportunity ahead.”

The company’s stock jumped Monday after the company’s announcement, and it was up by roughly 2.1 percent, to nearly $230 per share, as of mid-afternoon. At the start of the year, the tech giant’s stock was trading at about $190 per share.

Nvidia reported $89 billion in revenue from data centers alone last quarter, up 117 percent from the second quarter of 2025. The company projected $108 billion — plus or minus 2 percent — in revenue for the third quarter.

The firm has also reached a deal to acquire open-source platform Hugging Face for $12.93 billion , which will give it access to more than 3 million models and 500,000 datasets used by thousands of companies.

In July, OpenAI agents went rogue and hacked into Hugging Face’s systems without any prompt to do so.

Also on Monday, Nvidia unveiled a new platform that it says will put guardrails on AI agents at the software and hardware level. Organizations can tailor their use of the platform based on their requirements, the company noted in a release .

“To date, model safety has been about training good behavior into the model,” said Justin Boitano, vice president of enterprise AI at Nvidia, on a call Sunday.

“The industry calls that model alignment,” he continued. “For probabilistic systems, this approach has obvious limitations. That’s why we’re introducing a deterministic system to mediate and enforce how these agents behave.”

Huang, who attended a state dinner President Trump hosted on Thursday in honor of Chinese President Xi Jinping, has argued AI companies do not need antitrust exemptions to coordinate a slowdown in model development.

While the Nvidia CEO said earlier this month AI safety “is a real thing,” he did not express concern about technology posing an imminent threat to humanity.

“We’re not going to die in 2030,” Huang told host Jim Cramer on CNBC’s “ Mad Money .”

“There are so many people in the world who are going to build AI properly,” he added. “We’re going to have all kinds of guardrails, invent all kinds of technology for safety and security.”

Julia Shapero and Miranda Nazzaro contributed.