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Memory stocks got absolutely smoked today and then I saw this. SK Hynix is planning to buy back and cancel almost $29B worth of its own shares. $29 billion. They’re also saying more than half of cumulative FCF from 2025-27 is going back to shareholders. I knew they were printing money from the memory boom but I didn’t expect a buyback anywhere near this big lol. Especially after the stock just got whacked almost 10% in a day. Whatever you …
— ORIGINAL POST ·
SK Hynix just announced a nearly $29B buyback after the stock fell almost 10%
· r/stocks
· Aug 19, 2026