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Geldanlage: Nvidia mit Rekordvolumen – was Aktienrückkäufe Anlegern wirklich bringen

An Rückkaufprogrammen kommt immer wieder Kritik auf. Zu Recht? Der Vergleich mit Dividendenaktien und dem breiten Aktienmarkt kommt zu einem klaren Ergebnis.

Geldanlage: Nvidia mit Rekordvolumen – was Aktienrückkäufe Anlegern wirklich bringen

The US chip giant Nvidia has increased its share buyback program by $150 billion, making it the largest in US economic history. According to the company, which is known for its AI chips, it will now spend a total of $235 billion on its own shares by January 2028, as the company announced on Monday. The previous record was held by Apple, which announced a $110 billion buyback program in 2024.

Nvidia's share buyback program is now 36 percent larger than that figure. Large buyback programs are often seen as a sign that management views its own stock as undervalued, but they often coincide with declining growth at established giants. However, Nvidia's situation is different: revenues are continuing to grow at roughly 90 percent per year, much faster than at Apple at the time of its announcement.

The billion-dollar share buyback program is therefore less indicative of declining growth and more a bet by management that free cash flow will grow faster. There have also been frequent warnings of a bursting AI bubble.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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