NVIDIA Corporation increased its share repurchase authorization by $1 billion on Monday, fulfilling a longstanding request from CNBC TV host Jim Cramer. Cramer has defended NVIDIA throughout 2026 despite weak share-price performance and has urged the company to adopt a more aggressive buyback strategy modeled on Apple’s purchases under CEO Tim Cook and CFO Luca Maestri. He said an active program could reduce share supply pressure and change the stock’s trajectory, while noting that zero-day options activity can intensify late-session selling. The company’s investment case remains centered on growth: NVIDIA guided to 70% fiscal 2028 revenue growth and reported 106% annual revenue growth in the second quarter. Investors are also monitoring higher memory costs, limited semiconductor manufacturing capacity and gross-margin guidance of 75% for the third quarter, followed by a fiscal fourth-quarter range of 71% to 72% before recovery. Long-term debt rose to $32.3 billion from $7.5 billion a year earlier, a factor that may have influenced the timing of the authorization increase. Hedge fund ownership increased by 10 funds to 285 in the second quarter, while NVIDIA traded at a forward P/E ratio of 24.9, below Intel’s 63.29 and AMD’s 39.53. Short interest was 1.27% of float, also below both peers.