Several major AI-chip players, including SK Hynix (SKHY), Micron (MU) and Nvidia (NVDA), are signaling that buybacks will boost shareholder returns as their stocks sit below record highs. After a sixth straight quarter of record sales and profits, SK Hynix said it will repurchase 30 trillion won (about $22 billion) of stock this year, following a 40 trillion won program announced in August; its shares rose 7% in pre-market trading after falling 24% in the prior month. Micron's board authorized discretionary buybacks of up to $35.16 billion, the largest in the company's history, with purchases expected to begin after Dec. 9, when Chips Act restrictions lift. Nvidia issued a new $150 billion buyback plan in late September, bringing its total authorization to $235 billion, and Citi analyst Atif Malik said the expanded program reflects the view that AI-driven free cash flow can support both strategic investment and substantial shareholder returns.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: SK Hynix, Nvidia and Micron send one clear message to investors with their stocks off the highs
Read the original on Yahoo Finance ↗
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share buybackssemiconductorsartificial intelligenceNVDAMicron
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NVDA
▼ Likely negativeNvidia
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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