GENERAL28 Sept 2026
Nvidia announces $150 billion buyback boost as AI boom drives massive cash flow | Stock Market News
Nvidia has raised its share buyback approval by a record $150 billion, taking remaining buyback capacity to $235 billion through fiscal 2028. The US chipmaker says strong AI chip demand is driving big cash flow. For Indian investors who hold US tech stocks, this signals confidence in the AI boom. Review how foreign shares are taxed when you file your return.
Key Statutory Highlights
- Nvidia increased its share buyback authorisation by $150 billion, the biggest-ever increase in a stock repurchase program, beating Apple's $110 billion boost in 2024.
- The company's remaining buyback capacity is now $235 billion, which it expects to use through fiscal 2028.
- Nvidia's revenue for the July fiscal quarter more than doubled to $96.2 billion, with data centre revenue up 117% to $89 billion.
Actionable Advice for Taxpayers / Founders:If you hold Nvidia or other US-listed shares, keep clean records of your purchase cost, sale dates and any dividend received. Foreign shares are reported in your Indian income tax return, so please confirm the treatment that applies to your case with a tax professional before filing.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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