Nvidia’s $150 billion buyback puts $228 breakout back in focus

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Mykhailo Ihnatenko

28.09.2026

Nvidia’s $150 billion buyback puts $228 breakout back in focus — Nvidia retests key resistance as a larger buyback strengthens support

Nvidia has gained a fresh company-specific catalyst just as the market heads into an important macroeconomic test. Corporate support is strengthening, but this week the direction of the tech sector may depend on more than the AI story alone.

NVDA price prediction

24H -0.32%

$205.28

48H -1.08%

$203.71

7D 1.55%

$209.13

1M -12.17%

$180.88

3M -19.77%

$165.22

6M -25.31%

$153.81

12M -1.89%

$202.05

Detailed

Current price: $205.94 0.9900 0.48%

Real-time Data 12:53

Daily range 200.93

207.56

Weekly range 200.93

219.18

On September 28, Nvidia’s board approved an additional $150 billion for the company’s existing share repurchase program. That lifted the remaining authorization to $235 billion, with Nvidia expecting to carry out the program through the end of fiscal 2028.

The move represents a significant expansion of capital returns. In May, Nvidia had already approved another $80 billion for buybacks, while about $99.3 billion of authorization remained available at the end of July. The latest package substantially increases the potential scale of future share repurchases.

At the same time, an important week for U.S. markets is getting underway. On Friday, October 2, the BLS will release the September Employment Situation report, including nonfarm payrolls and the unemployment rate.

For Nvidia and other technology stocks, the report is particularly important because of its implications for Federal Reserve policy. Maximum employment forms part of the Fed’s dual mandate alongside price stability, meaning labor-market conditions directly influence expectations for the future path of interest rates.

$228 remains the key level for another move toward the record

Nvidia shares failed to hold above the previously identified resistance at $228. The stock pulled back to $221.09 before turning higher again.

The $228 level remains the key threshold for today’s session. If the stock secures a sustained move above it, the only major level left ahead would be the all-time high at $236.54. This remains the base-case scenario over the next several days.

A drop below $223.50 would invalidate that setup. In that case, the risk of a decline toward the 50-day SMA in the $216.50–$216 area would rise sharply.

Buyback support now meets a major macro test

The new buyback strengthens Nvidia’s fundamental support and signals the company’s willingness to return a substantial amount of capital to shareholders. In the near term, however, that corporate catalyst will compete with the broader macro backdrop.

Friday’s labor-market report could materially shift expectations for Fed policy and bond yields. That means Nvidia’s ability to clear $228 will depend not only on demand for the stock itself, but also on the market’s broader appetite for technology risk, even with a $150 billion repurchase program in place.

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