Is Nvidia buying back their shares a bad sign? Is it a sign that they don’t have any more innovative engineering to spend their free cash flow on or any other startups or other AI companies to take a stake in so they’re simply buying back their stock to boost it up?
I know most of Big Tech did this throughout the 2010s, but **that was a different era** where they could borrow money at low interest rates to buy back their stock. We’re in a different interest rate regime now so I’m not sure where they’re getting the money to buy back their stock. If it’s from free cash flow, that’s a different matter, but hopefully they’re not issuing bonds to do this.