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Tech giants to plow $500 billion cash hoard into more buybacks https://t.co/lG2HPXfZhq
Tech giants to plow $500 billion cash hoard into more buybacks https://t.co/2rZdrTIyqD via @business
Tech giants are likely to continue buying back their shares, offering support for their stocks, despite the current equity rout. Companies like Microsoft $MSFT, Amazon $AMZN, and Apple $AAPL are sitting on large cash reserves, making buybacks an attractive option. The
Despite a sharp downturn in tech stock prices this year, investors continue to buy shares in major technology companies. Leading tech giants such as Microsoft, Amazon, and Apple are expected to sustain their share repurchase programs, leveraging their substantial cash reserves. Collectively, these companies hold approximately $500 billion in cash, which they plan to deploy towards buybacks to support their stock prices amid the ongoing equity market volatility.
