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Nvidia (NVDA) stock is inching higher on Sept. 28 after the artificial intelligence (AI) chips specialist announced a huge $150 billion increase to its share repurchase program. NVDA now sits decisively above its major moving averages (MAs), indicating bulls remain firmly in control across multiple timeframes.
Note that Nvidia shares are proving a lucrative investment for 2026, currently up about 25% versus the start of this year.
Significance of the Buyback Announcement for Nvidia Stock
Nvidia’s announced $150 billion expansion to its buyback plan represents the largest in corporate history. More broadly, it reflects management’s conviction in the long-term trajectory of AI infrastructure demand and accelerated computing platforms.
By reducing outstanding share count, buybacks naturally boost earnings per share (EPS).
With total buyback authorization now standing at $235 billion, Nvidia possesses an unprecedented capital cushion to support share prices, absorb macroeconomic pressures, and directly reward long-term shareholders.
Barchart also currently holds a “100% BUY” average opinion on NVDA shares, reinforcing that technical momentum remains in their favor for the near term.
Barclays’ Analyst Sees NVDA Shares Ripping Further Up in 2026
Following the announcement, Barclays’ senior analyst Tom O'Malley reiterated his bullish stance on Nvidia shares, with a $275 price target indicating potential upside of another 20% from here. Crucially, O’Malley actually took a positive view on the circular financing deals NVDA has signed this year,
“Nvidia’s balance sheets remain healthy – and leveraging it to support partners and customers that lack sufficient financing is the best use of capital,” he wrote in a research note today.
At a forward earnings multiple of less than 25x, Barclays sees the chipmaker’s risk-reward profile as compelling, reiterating that it remains the premier vehicle to capitalize on the global computing transformation.
Note that Nvidia also pays a small dividend yield of 0.43%.
How Wall Street Recommends Playing Nvidia
Other Wall Street analysts are even more bullish on NVDA stock than Tom O’Malley.
According to Barchart, the consensus rating on Nvidia sits at “Strong Buy,” with the mean price target of about $326 indicating potential for a nearly 45% rally over the next 12 months.
