Nvidia Set to Overtake Apple in Stock Buybacks and Dividends
Nvidia may overtake Apple in stock buybacks and dividends under new CEO John Ternus, according to some predictions.
Over the last 15 years, Apple reduced its share count by 43.2% under CEO Tim Cook, growing from a market cap of around $350 billion to well over $4 trillion.
Nvidia is committed to returning half of its free cash flow to shareholders through buybacks and dividends, with $19.73 billion spent on buybacks and $6.05 billion on dividends in its latest quarter.
New Apple CEO John Ternus may shift the company's focus towards product innovation rather than relying on services revenue and stock buybacks for growth.