The board of chip manufacturer Nvidia Corp. has approved a buyback of its equity shares worth $50 billion. The announcement was made along with the company’s quarterly results.

Nvidia has returned $15.4 billion to shareholders in buybacks and dividends so far in the first half of its fiscal 2025. As part of the current repurchase plan, the company still has $7.5 billion worth of stock to buyback.

The $25 billion share buyback was announced by Nvidia last year along with its second quarter results.

Nvidia’s buyback announcement came after the street was left disappointed with its earnings report and guidance for the current quarter.

Both Nvidia’s revenue and EPS were ahead of expectations while its guidance disappointed the street. The stock fell 7% in extended trading after not enough clarity was shared by the management in its earnings call over delays in its next-generation AI chip named “Blackwell.”

Nvidia’s $50 billion buyback though is not the largest in corporate history. That record is held by Apple, in May, had announced a share buyback worth $110 billion.

Nvidia’s shares fell 2% in regular trading before the earnings report and then declined 7% in afterhours trade as the earnings call went on.