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)

SK Hynix announced a share-buyback program worth roughly $29 billion, authorising the repurchase and cancellation of up to 24 million treasury shares. The move aims to reassure investors about the sustainability of the company’s AI-related capital expenditures.