Markets have become especially accustomed to tech buybacks in recent years. According to S&P Dow Jones Indices, companies in the S&P 500 tech sector spent a whopping $253 billion on buybacks in 2024.
This represents by far the highest level of buyback spending by any sector, accounting for nearly 27% of the total. Following suit with the tech sector’s buyback dominance, three huge tech names have announced large increases to their share buyback programs.
