# Nvidia CEO Jensen Huang drives 17% q3 stock surge

Digest AI · Business & Funding · published 2026-09-30T15:47:42Z

Canonical: https://digestai.news/story/nvidia-shares-near-may-high-as-coreweave-plans-vera-rubin-deployment

## Summary

Nvidia CEO Jensen Huang was highly visible in Q3, appearing in an earnings call, media interviews, tech conferences, and dinner/lunch events with President Trump. He reportedly spent $12.9B to buy Hugging Face. The visibility coincided with Nvidia shares on track to surge 17% in Q3, up 23% year to date, compared to the S&P 500’s 4.3% gain.

Nvidia announced a $150B stock buyback plan on Monday, the largest share repurchase authorization increase in history, raising total buyback authorization to $235B. Huang said he expects the AI market to reach $3T to $4T by 2030, and projected 70% revenue growth for fiscal 2028, above analyst forecasts of 45%. He noted sales gains could exceed 100% if not for memory chip shortages.

Salesforce CEO Marc Benioff praised Nvidia as the AI chip player to beat, saying they have the product for the moment and nothing like this in the industry. Benioff and Huang spoke together at Dreamforce. The article is a news report.

## Key points

- Nvidia shares on track to surge 17% in Q3, up 23% YTD, while S&P 500 up 4.3%.
- Nvidia announced a $150B stock buyback plan, raising total authorization to $235B.
- CEO Jensen Huang projects 70% revenue growth for fiscal 2028, AI market to reach $3T-$4T by 2030.

## Why it matters

The moves underscore Nvidia's dominance in AI hardware and its aggressive financial strategy, signaling continued investor confidence and setting a benchmark for market expectations in the AI chip sector.

## Sources

1. [Nvidia CEO Jensen Huang was everywhere in Q3. The AI giant's stock proves it.](https://finance.yahoo.com/markets/stocks/article/nvidia-ceo-jensen-huang-was-everywhere-in-q3-the-ai-giants-stock-proves-it-152047325.html) (finance.yahoo.com, 2026-09-30)
2. [Nvidia is approaching a breakout level. Plus, what we want to see from Micron](https://cnbc.com/2026/09/30/nvidia-approaches-a-breakout-level-plus-what-we-want-to-see-from-micron.html) (CNBC Technology, 2026-09-30)

Part of the developing story: [AI Chip Race Revenue Targets Market Moves](https://digestai.news/thread/arm-ceo-boosts-confidence-in-2b-agi-cpu-revenue-target) (2 stories)

## Cite

Digest AI, "Nvidia CEO Jensen Huang drives 17% q3 stock surge", 30 September 2026, https://digestai.news/story/nvidia-shares-near-may-high-as-coreweave-plans-vera-rubin-deployment

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