NVIDIA shares faced overnight premarket selling following a earnings report on August 26, 2026, dropping back toward the flatline even as CEO Jensen Huang appeared on national TV to reveal the company plans to pour even more cash into buybacks. According to market data and social media tracking from Jim Cramer, a persistent seller hammered the stock from $225 down to $220 before shares recovered to near $222.76.
Overnight Trading Pressure Test and Shareholder Returns
The post-earnings rally met heavy resistance in early premarket trading on August 26, 2026. NVIDIA had closed at $209.66 on August 26 and initially surged as high as $226 following its second-quarter report, according to market records. However, a persistent seller began hitting the stock from $225 down to $223 starting at 4:15 a.m. By 7:37 a.m.
Despite the overnight volatility, NVIDIA’s financial performance remained robust. According to company earnings data, Q2 fiscal year 2027 revenue reached $96.22 billion, marking a 105.85 percent increase year over year on a non-GAAP EPS of 2.22. The company returned $26 billion to shareholders during the quarter and retains $99.0 billion remaining on its share buyback authorization.
Jensen Huang Details Buyback Expansion on Mad Money
Appearing on CNBC’s “Mad Money” on August 26, 2026, NVIDIA CEO Jensen Huang addressed market concerns by signaling an aggressive capital return strategy. According to Huang’s interview with Jim Cramer on CNBC, the company repurchased 60 percent last quarter and intends to increase buybacks utilizing next year’s free cash flow. Huang’s television appearance coincided with an upward revision in long-term expectations, as management projected fiscal year 2028 revenue to grow approximately 70 percent, outpacing Wall Street models that hovered closer to 45 percent, according to CNBC data.
Did you know? NVIDIA’s upcoming Vera Rubin architecture is projected by CEO Jensen Huang to be the fastest-ramping product in the company’s history, supporting massive global demand across hyperscalers, sovereign clouds, and enterprise deployments, according to CNBC transcripts.
Historical Context: The AMD Merger Offer That Never Was
Adding historical perspective to NVIDIA’s current market dominance, former AMD engineer Hemant Mohapatra revealed on X that AMD once attempted to acquire NVIDIA when the company was an industry upstart, according to Tom’s Hardware reporting. Mohapatra stated that NVIDIA refused the buyout primarily because Jensen Huang insisted on serving as the CEO of the merged entity to protect NVIDIA’s proprietary CUDA model. Former AMD employee Phil Park verified the CEO stipulation on X, noting that while he held different views on other recollections, the anecdote regarding Huang’s leadership demand is accurate, per Tom’s Hardware.
Frequently Asked Questions
What was NVIDIA’s Q2 fiscal year 2027 revenue?
According to financial reports, NVIDIA’s Q2 FY27 revenue reached $96.22 billion, representing a 105.85 percent increase year over year.
What did Jensen Huang say about share buybacks?
According to his interview on CNBC’s “Mad Money,” Jensen Huang stated that NVIDIA bought back 60 percent last quarter and plans to increase buybacks using next year’s free cash flow.
What is NVIDIA’s projected revenue growth for fiscal year 2028?
According to management guidance cited by CNBC, NVIDIA expects revenue to grow approximately 70 percent in fiscal year 2028, exceeding Wall Street consensus models of 45 percent.
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