NVIDIA Corporation (NASDAQ: NVDA) shares were trading at $230.34 at 8:49 a.m. ET Tuesday, up 0.65% in pre-market trading after gaining 1.68% in Monday’s regular session.
The stock closed Monday at $228.86 after NVIDIA announced a record expansion of its share-repurchase program.
Buyback Raises Remaining Authorization to $235 Billion
NVIDIA’s board added $150 billion to the company’s existing repurchase authorization, bringing the amount remaining under the program to $235 billion. NVIDIA expects to execute the remaining authorization through fiscal 2028.
The increase is the largest share-repurchase authorization expansion on record, surpassing Apple’s $110 billion authorization in 2024. NVIDIA CEO Jensen Huang said the company’s cash generation supports continued investment in AI and accelerated computing while also enabling capital returns to shareholders.
Monday’s advance came despite declines in the broader U.S. market, with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average all finishing lower.
Separately, NVIDIA Tokenized bStocks (NVDAB) was quoted at $230.76, up about 1.47% over the prior 24 hours, according to CoinMarketCap. NVDAB trades around the clock, so its 24-hour change covers a different trading window from NVDA’s Tuesday pre-market move and is not directly comparable.
Meanwhile, the Financial Times reported Tuesday that NVIDIA has held talks with insurers about structures designed to distribute some of the financing risk associated with loans involving its AI chips. The discussions have focused in part on financing provided to smaller cloud operators known as neoclouds.
Insurer Talks Focus on Loans Backed by NVIDIA Chips
NVIDIA has considered joining consortia with insurers, hedge funds and asset managers to support financing arrangements. Insurers could also share some of that risk with hedge funds and other alternative investors, according to the Financial Times report.
NVIDIA is working with reinsurance broker Howden Re on one potential structure and has supplied at least one insurer with data on chip depreciation and the expected future value of computing power.
Another structure under discussion would insure loans to smaller neocloud companies that pledge NVIDIA chips as collateral. The coverage could protect lenders if a borrower defaults and proceeds from reselling the chips fall short of the outstanding debt. The talks are still preliminary and may not result in any transactions.
Those discussions follow other NVIDIA-backed financing efforts tied to the buildout of AI infrastructure, including arrangements intended to mobilize capital from banks and investment firms. The reported insurance structures specifically address how credit and collateral risk could be shared when NVIDIA hardware serves as collateral for financing.
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