According to CoinMeta, NVIDIA's stock price rose on September 28 due to the company's approval of a new $150 billion stock repurchase plan, increasing by 0.84% in pre-market trading to reach $226.97. This repurchase plan brings the total authorized amount of repurchases to $235 billion, surpassing Apple's $110 billion repurchase authorization approved in May 2024. NVIDIA CEO Jensen Huang stated that this repurchase reflects the company's cash generation capability and that they will continue to invest in AI and accelerate computing technology.