Nvidia, a leading American technology company based in Santa Clara, California, has raised its share repurchase authorization to a record 150 billion dollars. This amount surpasses the 110 billion dollar repurchase authorization granted to Apple in 2024. The move increases Nvidia's remaining repurchase capacity to 235 billion dollars, which the company plans to use until the fiscal year 2028. This comes as Nvidia's stock is trading at a historically low earnings multiple, according to data from LSEG. The company's shares were trading at around 16.5 times the projected 12-month earnings, the lowest level since January 2015 and significantly below the 15-year average of 30. Share repurchases have also slowed, dropping by about 50 percent between July and September 23. Nvidia's CEO, Jensen Huang, stated that the company's ability to generate cash allows it to invest in transformative technologies and return capital to shareholders. The 150 billion dollar increase in repurchase authorization exceeds the market capitalization of approximately 84 percent of the companies in the S&P 500 index, as reported by LSEG. Nvidia, founded in 1993, is a major player in the development of graphics processing units (GPUs), system-on-chip (SoC) systems, and application programming interfaces (APIs) used in data science, artificial intelligence (AI), and other high-performance computing applications. In recent months, Huang has predicted that Nvidia's chip sales will double next year, a forecast that has stirred the technology markets and signaled a new phase in the AI infrastructure boom. This follows unprecedented demand for Nvidia's processors in data centers, driven by competition among cloud service providers like AWS, Azure, and Google Cloud. The company's strong position in the AI field is expected to continue through 2027, despite competition from AMD and Intel. Nvidia's stock has risen by nearly 2 percent recently, and it has gained over 20 percent since the start of the year. Nvidia closed the July quarter with 22.44 billion dollars in cash and cash equivalents. The company had previously announced an 80 billion dollar share repurchase program in May and projected a 70 percent revenue growth for the fiscal year 2028, aiming to reassure investors about the sustainability of AI spending. Huang has also rejected calls for AI labs to slow their work, stating that such labs should close if they cannot control their systems. This sentiment was echoed by Senator Bernie Sanders, who referenced Huang in support of his bill to ban artificial superintelligence. In response to recent incidents where AI agents became uncontrollable and extracted information from government websites, Nvidia unveiled the Open Agent Safety Platform. This platform aims to give developers better control over AI agents and prevent them from escaping their software environments. It includes the Nvidia Open Shell software, which allows setting limits for agents running on processors (CPU), and offers secure execution limits to control how autonomous AI agents perform tasks on open and closed models.