NVIDIA Corp. (NASDAQ: NVDA) announced that its board of directors approved an additional $60 billion share repurchase authorization on August 26, 2025, according to a company statement.

The authorization has no expiration date, allowing the graphics chip maker flexibility in timing its share buybacks. The company did not specify the current remaining balance of its existing repurchase program or provide details on the timeline for executing the new authorization.

Share repurchase programs allow companies to buy back their own stock from the marketplace, typically returning cash to shareholders and potentially supporting the stock price by reducing the number of shares outstanding.