Story
NVIDIA Stock Gains on Record Share Buyback and Bullish Analyst Calls
Summary
NVIDIA shares are climbing toward a 52-week high, driven by a historically large $150 billion increase to its share repurchase program and a wave of positive commentary from Wall Street analysts.
NVIDIA (NVDA) shares rose 1.2% in pre-open trading, approaching the stock's 52-week high, as investors reacted to a record-setting capital return program and a series of bullish analyst actions underscoring strong demand for its AI hardware.
Record Buyback Signals Confidence
The primary catalyst remains the board's approval of a $150 billion addition to NVIDIA's share repurchase program, which the company noted is the largest such increase in corporate history. This brings the total authorized amount for future buybacks to $235 billion. According to CEO Jensen Huang, the move reflects the company's confidence in its long-term, AI-driven growth trajectory.
Analysts Highlight Revenue Upside
Sentiment was further bolstered by fresh endorsements from Wall Street, reinforcing the positive outlook for the semiconductor giant.
Ad- Morgan Stanley named NVIDIA a "Top Pick" in the semiconductor sector.
- Barclays analyst Tom O’Malley identified at least $30 billion of potential upside to NVIDIA’s hyperscaler revenue in both 2026 and 2027. He raised his 2027 revenue estimate for the company to approximately $401 billion.
- Cantor Fitzgerald reiterated its "Overweight" rating and a $350 price target on the stock.
Adding to the evidence of robust demand, a recent report indicated that Amazon is seeking to move about $8 billion worth of NVIDIA's Grace Blackwell chips into a special-purpose vehicle.
Market Backdrop
NVIDIA's advance occurred within a broadly supportive session for equities, with the S&P 500 and the tech-focused NASDAQ Composite also posting gains. The move comes despite a potential macro headwind from a global bond selloff that has pushed the U.S. 10-year Treasury yield to its highest level since 2002. While higher rates can pressure growth stocks, investor appetite for key names in AI infrastructure has so far appeared resilient.
Read next
More on Stocks
ON Semiconductor Stock Jumps on Revised All-Cash Deal for Synaptics
Shares of the chipmaker surged after it announced a new, cheaper all-cash deal to acquire Synaptics for $5.7 billion, a move that avoids shareholder dilution and is expected to be immediately accretive to earnings.
Schindler Shares Rise as Citi Eyes Positive Catalysts Ahead of Investor Day
Shares in the Swiss elevator and escalator manufacturer gained after analysts at Citi initiated a positive short-term view, citing potential for favorable updates on growth and capital allocation at upcoming company events.
AWS Pledges $1 Billion Investment in US Data Center Communities Amid Local Backlash
Amazon Web Services announced a $1 billion, five-year investment plan for US communities hosting its data centers, aiming to mitigate local concerns over resource consumption and environmental impact.
Capgemini Shares Hit 8-Month High on Positive Sector Cues from Accenture
Shares in the IT services firm surged after competitor Accenture reported stronger-than-expected quarterly results, easing investor concerns about the sector's growth outlook.