Nvidia Spent $20 Billion on Buybacks Last Quarter. Here's What That Means for Your Shares.

Nvidia spent $40 billion on buybacks in the first half of fiscal 2027 and expanded its buyback authorization to $235 billion through fiscal 2028, demonstrating confidence in its long-term growth prospects. Despite trading near record highs with a $5.65 trillion market cap, analysts expect 61% revenue and EPS growth through fiscal 2029, and the company's surging free cash flow of nearly $70 billion in H1 FY2027 easily covers these repurchases. However, the buyback represents only 4% of market cap and faces headwinds from competition and macro uncertainties.