SK Hynix said it will buy back about $22 billion of its stock this year, in addition to an earlier program, after its shares fell about 24% in the month before it reported a sixth straight quarter of record sales and profits. Nvidia announced a new $150 billion buyback that brings its total authorization to $235 billion, and Micron disclosed that its board authorized up to $35.16 billion in repurchases. The article notes that an authorization is only a ceiling and does not commit a company to buying, and that buybacks offsetting stock paid to employees may leave the share count little changed. It argues that whether these buybacks signal management confidence depends on actual purchases and on cash flow from still-growing businesses, since memory chip cash piles tend to be largest near cyclical peaks.
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share buybackssemiconductorsNvidiaartificial intelligence
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.39 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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