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Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index Beyond banks: AI layoffs spread to tobacco, chemicals and payments The AI debt bill comes due: neocloud bonds trade like distress Putin, Zelenskyy Back Three-Way US Peace Talks on Ukraine Apple’s first foldable, the iPhone Duo, goes on sale at around $2,200 Jio IPO sets a global record with 10 million+ applications on final day Kospi plunges 4% on AI jitters, yet SK seeks $350B for data centres Profits up, headcount down: AI in banking has moved from pilot projects to the payroll. IMF: Gulf economies to shrink 4.8% this year as war hits exports

Technology

Nvidia Approves the Biggest Buyback in US History.

Apple held the record for two years. Nvidia just beat it by $40 billion, on a day when the rest of Wall Street was selling.

News | 28 September 2026

Nvidia Approves the Biggest Buyback in US History.

Nvidia's board approved an additional $150 billion for its share buyback programme, bringing total authorization to $235 billion. The company expects to spend the full amount by the end of fiscal 2028.

Nvidia's board approved an additional $150 billion for its share buyback programme, bringing total authorization to $235 billion. The company expects to spend the full amount by the end of fiscal 2028.

It is the largest share repurchase authorization increase any US company has made.

The timing is the story

Nvidia made the announcement on a rough day for markets. The Nasdaq, S&P 500 and Dow were all trading about 1% lower, pushed down by rising Treasury yields and higher oil prices.

Nvidia went the other way. Its shares were up 2.8% on Monday, and its market value stands at $5.42 trillion.

This also isn't Nvidia's first large buyback this year. It announced an $80 billion programme less than six months ago, in May.

Jensen Huang's said the company's cash generation lets it invest in the technologies driving the AI transition and return capital to shareholders at the same time. Nvidia's profits more than doubled year on year in Q2 2026, to nearly $60 billion. Huang said earlier this month that Nvidia would double the number of chips it sells in 2027.