Tech giants to plow $500 billion cash hoard into more buybacks
Briefly

Amid a challenging economic climate driven by tariffs, major tech firms like Microsoft, Amazon, and Apple are expected to sustain their stock buyback programs. These companies hold significant cash reserves exceeding $500 billion, making buybacks an attractive option for demonstrating financial stability. As earnings reports approach, particularly from Alphabet and Apple, analysts anticipate new buyback authorizations. The tech sector has faced declines recently, with the Nasdaq 100 Index down 15%, yet buybacks could reinforce investor confidence in these companies during turbulent times.
"You don't need to hoard cash if you have $30, $50, $100 billion in cash on your books."
Read at www.mercurynews.com
[
|
]