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A massive buyback may not mean what you think it does.
Nvidia (NVDA -0.02%) recently announced one of the biggest buyback programs in corporate history, but it may not have the impact you think it will. As Travis Hoium shows in this video, buying back up to $57.5 billion in stock may not reduce shares outstanding very much at all and could be lighting capital on fire.
*Stock prices used were end-of-day prices of Aug. 30, 2024. The video was published on Sept. 3, 2024.
Travis Hoium has positions in Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Nvidia. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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