Nvidia approves $80B buyback, boosts dividend 25-fold with $15T valuation target
NVDA•Nvidia’s board approved an $80 billion share buyback and raised its quarterly dividend 25-fold to $0.25, returning a record $20 billion in Q1 on $48.6 billion of free cash flow. Analysts forecast 85% year-over-year revenue growth and predict Nvidia could reach a $15 trillion valuation by 2029 as AI infrastructure spending jumps.
1. Board Authorizes $80 Billion Buyback
Nvidia’s board has approved an additional $80 billion share repurchase program, signaling management’s confidence in long-term growth and capital allocation strategy. This follows a record $20 billion returned to shareholders in Q1, underscoring aggressive efforts to boost shareholder value amid strong cash generation.
2. Dividend Raised 25-Fold on Robust Cash Flow
The company increased its quarterly dividend to $0.25 per share, a 25-fold jump from prior levels, funded by $48.6 billion of free cash flow. While this move rewards investors, Nvidia faces headwinds from slowing revenue in China and emerging competition from in-house AI chip development by key customers.
3. Analysts Predict Triple Valuation to $15 Trillion
Buoyed by an 85% year-over-year revenue surge, analysts project Nvidia’s market capitalization could hit $15 trillion by 2029. This outlook assumes AI infrastructure spending climbing from $1 trillion in 2026 to $3–4 trillion by 2030, driven by expanding enterprise adoption and model improvements.
