Nvidia 市值逼近 6 万亿美元，宣布 1500 亿美元股票回购
Nvidia 搞了美股史上最大的 1500 亿美元回购，超过苹果，还首次给出 70% 的营收增长指引，但股价反而跑输芯片板块，这组数字挺有意思。
Nvidia 股价年内上涨约 28%-30%，市值逼近 6 万亿美元，年内新增市值约 1.3 万亿美元。最新涨幅来自公司新增 1500 亿美元回购授权，超过苹果 2024 年宣布的 1100 亿美元，成为美股史上最大单笔回购授权，使回购总额达 2350 亿美元（至 2028 财年）。同时 Nvidia 首次给出次财年营收指引，预计 2028 财年营收增长约 70%，高于分析师此前预期的约 44%。当前其市盈率低于标普 500，但跑输同期上涨 87% 的费城半导体指数，市场对其庞大体量能否持续高速增长仍有疑虑。
Nvidia closed in on a $6T market value while trading at a cheaper earnings multiple than the S&P 500.
Nvidia has risen 28% this year, and is reaching a threshold no other company has done before.
That rally, 30% so far this year, has added $1.3T in value
The latest lift came from a $150B addition to Nvidia's share repurchases, the largest single buyback authorization in US stock market history.
It overtakes the $110B Apple announced in 2024 and brings Nvidia's total to $235B through fiscal 2028, while most Big Tech peers pour spare cash into AI buildouts.
Buybacks can flatter earnings per share without real growth, yet Nvidia has forecast about 70% revenue growth for fiscal 2028, its first year-ahead revenue forecast, against roughly 44% analysts had modeled.
Jensen Huang has said demand is much greater than 70%, and that supply is what lets Nvidia confidently commit to that figure. Nvidia also trails its own sector, as the Philadelphia semiconductor index has gained 87% in 2026 while Micron, Marvell and Intel each rose more than 200%.
Ofcourse, thats only natural, as Nvidia is already so big, so that discount reflects doubt that a company this large can keep compounding at this pace.