I Correctly Predicted Nvidia Would Overtake Apple in Stock Buybacks and Dividends. Here's the Better Buy Now.
Buybacks offer an avenue for Nvidia and Apple to directly pass along profits to shareholders.
Overview
On Sept. 28, Nvidia (NASDAQ: NVDA) authorized a $150 billion increase to its share repurchase program, bringing the total to $235 billion. The new program is larger than Apple's (NASDAQ: AAPL) $100 billion additional authorization -- announced on April 30.
Nvidia is now on track to surpass Apple in buybacks and dividends, a prediction I made in mid-September. Here's what the buyback increase means for Nvidia investors, why Nvidia and Apple's investment thesis have a core similarity, and which growth stock is the better buy now.
Image source: Nvidia.
Details
Source
Originally published at www.fool.com.
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