{
  "id": 10576201,
  "title": "Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance",
  "url": "https://urgent.news/2026/09/29/nvidia-sets-biggest-ever-buyback-plan-as-ai-chip-competition-weighs",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-29T01:24:44.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nvidia-sets-biggest-ever-buyback-plan-ai-chip-competition-weighs-stock-performance"
  },
  "original_language": "en",
  "account": "Nvidia has announced its biggest-ever share buyback plan, authorising a record US$150 billion, surpassing Apple's US$110 billion approval in 2024. This move is expected to fund the company's remaining buyback capacity of US$235 billion through fiscal 2028, as the AI chip competition weighs on its stock performance relative to peers. Nvidia's stock, which rose over 20% in 2026, is now trading at a valuation of 16.5 times 12-month forward earnings, the lowest since January 2015. Nvidia CEO Jensen Huang stated that the company's strong cash generation allows it to continue investing heavily in the business while returning capital to shareholders. Analysts see the buyback as a sign of confidence in Nvidia's hardware and services demand, despite the uncertainty surrounding the sustainability of the AI spending boom.",
  "summary": "Nvidia boosts its remaining buyback capacity to US$235 billion, which it expects to deploy through fiscal 2028",
  "key_points": [
    "Nvidia authorizes $150 billion buyback, surpassing Apple's $110 billion",
    "AI chip competition impacts stock performance relative to peers",
    "CEO Jensen Huang states strong cash generation supports heavy investment"
  ],
  "editors_take": "Nvidia's record $150 billion share buyback plan signals confidence in its hardware and services demand, allowing the company to return capital to shareholders while continuing to invest heavily in the business.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}