Market Movers: Samsung Buyback, Coinbase Surge, Nvidia Earnings Loom

Samsung Electronics announced its massive shareholder return program worth up to $79.5 billion through stock buybacks and dividend distributions, scheduled for implementation in 2026.

The move comes as Samsung capitalizes on strengthening fundamentals within the memory semiconductor sector, driven by artificial intelligence applications that demand substantial quantities of high-bandwidth memory chips.

Ross Stores shares surged nearly 9% after the discount retailer increased its annual profit projections and delivered impressive quarterly performance, with revenue climbing approximately 13% to reach $6.26 billion.

Coinbase shares rose alongside Bitcoin's recovery to its highest valuation since the final days of May, indicating returning investor interest in riskier assets following recent volatility in fixed-income markets.