SK Hynix is making a bold move by buying back $29 billion worth of its own stock, signaling confidence in its undervalued business amid investor pressure for better shareholder returns. With record AI-driven profits and a massive cash reserve, the chip giant aims to boost its stock price and plans to return over 50% of free cash flow through 2027 via buybacks and potential special dividends—details to drop in their Q3 earnings report later this fall.
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