Freedom assessed the impact of Nvidia’s record share buyback on its stock price
Stock Market News
30 September 2026, 15:26
Nvidia (NVDA) has increased its share buyback program to a record $235 billion. The company develops graphics processors and accelerators for artificial intelligence systems. According to Freedom lead analyst Vladimir Chernov, the large-scale buyback may provide moderate support for the stock price in the short term. For sustained share price growth, investors will need confirmation of strong demand for Nvidia’s products in its financial results and forecasts.
How the buyback could affect the stock
A share buyback means that a company purchases its own shares in the market. Chernov views the expanded program as a signal of Nvidia management’s confidence in the business’s ability to generate free cash flow. Buying by the company itself can create additional demand for its shares, especially amid investors’ doubts about the sustainability of growth in the artificial intelligence market.
At the same time, the announced size of the program does not mean the entire amount will be spent immediately. A buyback also does not protect the stock from falling if business expectations deteriorate. Therefore, Chernov assesses the likely short-term support for the stock price as moderate.
Why investors will continue to watch chip sales
The key question remains Nvidia’s future revenue growth. Earlier, CEO Jensen Huang suggested that chip sales could double next year. Freedom assessed this forecast as a positive signal for the shares, noting that some of the optimistic expectations are already priced in.
Strong demand for accelerators for data centers has so far supported the company’s results: Freedom previously reported that Nvidia’s quarterly revenue more than doubled. In Chernov’s view, sales momentum and the outlook for the next fiscal year will show whether the shares have sufficient grounds to continue the rally. A buyback by itself does not eliminate the risk of overvaluation in companies linked to artificial intelligence.
Not an individual investment recommendation.