Tech Giants to Plow $500 Billion Cash Hoard Into More Buybacks
Apple Inc. is the biggest buyer of its own shares.
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While many investors have been scared away from tech giants at the center of this year’s equity rout, the companies are likely to continue plowing money into buybacks that will offer at least one source of continuing support for the stocks.
The big tech firms could be tempted to hold onto their cash to guard against the economic turmoil created by President Donald Trump’s tariff policies. However, buybacks remain attractive because companies like Microsoft Corp., Amazon.com Inc. and Apple Inc. are sitting on piles of cash worth north of $500 billion.