$NVDA Boosts Share-Repurchase Authorization by $150 Billion Amid Valuation Disconnect

$NVDA has expanded its share-repurchase authorization by $150 billion, bringing its total program to $235 billion through fiscal 2028, marking the largest share-repurchase authorization boost on record.
The capital return follows strong financial results, with fiscal second-quarter revenue climbing 106% year-over-year to $96.2 billion and Data Center revenue surging 117% to $89 billion.
Despite rapid growth, $NVDA shares have traded at approximately 16.5 times 12-month forward earnings, representing the lowest forward multiple since January 2015.
During the first half of fiscal 2027, the company repurchased $39.8 billion in shares and finished the July quarter with $56.59 billion in total cash and marketable debt securities alongside $74.42 billion in operating cash flow.