Several major AI chip companies are signaling that recent stock selloffs are unwarranted and plan to use buybacks to boost shareholder returns through year end. SK Hynix said it will repurchase 30 trillion won of stock this year, after reporting six straight quarters of record sales and profits and following a 40 trillion won buyback program announced in August. Micron's board authorized discretionary share repurchases of about $35.16 billion, the largest buyback ceiling in its history, with buying expected to begin after December 9 when Chips Act-related restrictions lift. Nvidia announced a new $150 billion buyback plan in late September, bringing its total authorization to $235 billion. The commentator, who says he dislikes buybacks, reads the moves as a sign that big tech will step in to stop the selloffs.
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NVDAshare buybackssemiconductorsartificial intelligence
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NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/27/2026 | 217.88 |
| Change that session | +0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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