Did Nvidia Make a $40 Billion Mistake in Fiscal 2026?

$40 billion in share repurchases last fiscal year, equivalent to 33% of Nvidia's total net income. With an ongoing AI boom, the article argues investors may prefer management to deploy more capital into operations and growth rather than buybacks, raising questions about Nvidia's capital-allocation strategy.

Analysis

$40 billion in share repurchases last fiscal year, equivalent to 33% of Nvidia's total net income. With an ongoing AI boom, the article argues investors may prefer management to deploy more capital into operations and growth rather than buybacks, raising questions about Nvidia's capital-allocation strategy.