Jim Cramer says Nvidia’s record buyback could ‘change the trajectory’ of the stock
- ID
- 29415
- Status
- summarized
- Published
- 29 Sep 2026, 12:44 AM
- Fetched
- 29 Sep 2026, 1:50 AM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/09/28/jim-cramer-says-nvidias-record-buyback-could-change-the-trajectory-of-the-stock.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 2.0
- Created
- 29 Sep 2026, 1:51 AM
- Tags
- Audience
- saas_founders
What happened
Nvidia's board approved an additional $150 billion in share repurchases, bringing total remaining authorization to $235 billion — which Nvidia says is the largest buyback in history, to be completed through fiscal 2028 (the company is in Q3 of fiscal 2027). CNBC's Jim Cramer said on air that an active daily buyback 'will change the trajectory of the stock'; shares rose almost 3% Monday, taking the year-to-date gain to roughly 24%. The piece notes a disconnect: adjusted EPS has more than doubled in back-to-back quarters and fiscal 2027 earnings are projected to grow 94% (up from 60% the prior year), yet Nvidia is the seventh-worst performer among the 30 stocks in the iShares Semiconductor ETF, which is up 86%.
Why it matters
Nothing here changes what builders ship: no product, pricing, API, or roadmap detail is disclosed, only capital allocation and stock commentary. The one concrete number worth noting is the $235 billion remaining authorization running through fiscal 2028 — a signal about Nvidia returning cash rather than a signal about GPU supply, capacity, or cost. If you were opening this hoping for compute-economics news to plan spend around, this article gives you nothing to act on.
Discussion angle
The buyback is framed as good news for the stock, but the article's own data undercuts it — EPS doubling while the shares sit seventh-worst out of 30 in a semiconductor ETF that's up 86%. Is buyback-driven financial engineering a useful signal for founders tracking hardware vendors, or should you ignore capital-return news entirely and watch only product and pricing changes?