Nvidia shares are trading higher on September 28 after the company announced a record $150 billion expansion to its share repurchase authorization, bringing the remaining total to $235 billion through fiscal 2028—the largest such program in U.S. corporate history. The move underscores robust free-cash-flow generation from data-center AI demand, following the August 2026 quarter where revenue reached $96.2 billion and the firm guided to approximately 70% growth for fiscal 2028. With the stock near $230 amid broader semiconductor weakness, the buyback provides direct support for the closing level while analysts maintain a strong-buy consensus and average 12-month price targets above $320. The next earnings release is scheduled for November 18.