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$150B Buyback Supports Bullish Momentum

$150B Buyback Supports Bullish Momentum

NVIDIA Corporation stock closed at $228.86 on September 28, gaining 1.68% while the broader market slipped. A record $150 billion buyback authorization bolsters the daily uptrend. However, shorter-term charts reveal hesitation, making the gap between daily strength and intraday softness the central theme.

NVDA daily chart with EMA20, EMA50 and volume
NVDA — daily chart with candlesticks, EMA20/EMA50 and volume.

Key takeaways

  • NVIDIA Corporation stock gained 1.68% on September 28, closing at $228.86 against a weaker broader market.
  • The daily trend is firmly bullish, with price above its EMA20, EMA50, and EMA200 in a stacked bullish alignment.
  • A record $150 billion buyback authorization extends NVIDIA’s program to $235 billion through 2028.
  • The 15-minute chart shows a…

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