Filing: SK Hynix plans a ~$29B share buyback, repurchasing and canceling up to 24M treasury shares, in a bid to calm worries about the durability of AI spending (Denny Thomas/Bloomberg)

Denny Thomas / Bloomberg:
Filing: SK Hynix plans a ~$29B share buyback, repurchasing and canceling up to 24M treasury shares, in a bid to calm worries about the durability of AI spending  —  SK Hynix Inc. unveiled plans to buy back 40 trillion won ($29 billion) of stock and return more of its profits to shareholders …