Repurchase is the most direct way to benefit shareholders, there is no one! 1. Microsoft MSFT Stable faction for over a decade: maintaining large-scale repurchases for more than a decade, repurchasing $17.2 billion, $18.4 billion, and $22.3 billion respectively in the fiscal years 2024 to 2026, increasing year by year without interruption. Cooperating with continuously increasing dividends is a textbook sample of compound interest shareholder returns. 2. Nvidia NVDA AI money printers have begun to aggressively repurchase: in the first half of fiscal year 2027, they returned over $45 billion to shareholders, with a record high of $26 billion per quarter, surpassing Apple in scale. In May, an additional $80 billion repurchase authorization was granted without an expiration date. Currently, there is a remaining balance of approximately $99 billion in the account. The management has promised to return at least 50% of the free cash flow to shareholders, and the market expects the return scale to reach $230 billion by 2027. 3. Apple AAPL The king of buybacks, without a doubt: Since initiating buybacks in 2012, the company has cumulatively purchased over $880 billion worth of its own stocks, resulting in a reduction of over 44% in its total share capital, equivalent to 1.8 valuable shares for every 1 old stock. In the first nine months of the 2026 fiscal year, another $61.8 billion was repurchased, and in April, the board of directors approved a new quota of $100 billion. The amount of repurchased ammunition on the account reached about $138 billion, setting a new historical record for the scale. 4. Berkshire Hathaway BRK. B Abel restarts buybacks after taking over: After six consecutive quarters of inactivity, it will restart in the first quarter of 2026, with a whopping $4.5 billion spent in the second quarter reaching a new high since taking over, and a cumulative buyback of over $7.8 billion since the end of March. Berkshire only sells when its stock price is below its intrinsic value, and restarting buybacks is itself a valuation signal given by management. 5. Broadcom AVGO The AI dividend is directly converted into repurchase: $8.45 billion has been repurchased in the first nine months of fiscal year 2026, and a new $10 billion quota will be authorized in March. The doubling of AI chip revenue brings huge free cash flow, allowing Broadcom to invest heavily while continuously buying back its own stocks. 6. Visa $V Light asset high cash flow repurchase machine: In April 2026, a $20 billion multi-year repurchase plan will be launched, with a total return of $9.2 billion in quarterly repurchases and dividends. The business model determines that it hardly needs to retain cash, and repurchase dividends are never absent year after year. 7. Wal Mart WMT The current price is around $107. In February 2026, the board of directors approved the largest repurchase authorization in the company's 55 year history: $30 billion with no expiration date. However, it has only repurchased $8.1 billion in the past year, with $25.1 billion remaining as of the end of July. That is to say, in the next few years, we will be able to buy a lot more on average every year compared to before. The world's largest retailer+e-commerce and AI supported profit growth of 28.8%, with a large amount and moderate status quo, has strong momentum. 8. Mastercard MA A cash cow with strong execution power: In the first half of 2026, it has repurchased 8.93 billion US dollars (with an average price of about 508 US dollars per share). The 14 billion US dollar plan approved in December 2025 was fully launched in March, and the previous 12 billion US dollar authorization has been executed, seamlessly connecting with the new plan. The repurchase scale has been increasing year by year with profits, and the reduction of share capital has never stopped for ten years. 9. Texas Instruments TXN The current price is around 266 US dollars. The management promises in black and white to return all free cash flow to shareholders. In 2025, it was busy building factories and only repurchased about 3.2 billion US dollars throughout the year; Now that the construction of chip factories is nearing completion, capital expenditures will be reduced to 2-3 billion US dollars by 2026, and free cash flow will soar from 1.8 billion US dollars a year ago to 6.5 billion US dollars. The excess money will be returned to shareholders as promised, and the repurchase space is opening up. 10. SK Hynix SKHY The Iron Rooster, which has been almost non repurchasing for a long time, announced on August 19th this year that it would repurchase and completely cancel 40 trillion Korean won (about 28.6 billion US dollars), accounting for about 3.3% of its share capital, and complete the execution before November 19th. The shareholder return target has been raised to over 50% of cumulative free cash flow, and there may be a second round in the fourth quarter. Equivalent to going directly from a promise to a fulfillment, faster than Micron's pace. 11. Micron MU Locked in the CHIPS subsidy agreement for repurchase until December 9, 2026, only about $650 million was repurchased in the first half of the year. The management has clearly stated that capital returns will mainly be based on repurchases, with a net cash balance of approximately $24.4 billion on hand. After the unlocking in December, the market expects a considerable scale of new authorizations, and the September 30th financial report may send a signal first. The disadvantage is that the stock price has risen from around $155 a year ago to over $1000, with significant cyclical fluctuations. 12. CrowdStrike CRWD The current price is around 238 US dollars. This cybersecurity leader only launched its first buyback in June 2025, and increased its total limit to $1.5 billion in April by an additional $500 million. However, so far, it has only purchased about $330 million, leaving a remaining $1.3 billion limit. A growing company with an annual free cash flow of approximately $1 billion has started a real gold and silver protection for the market, and the limit has no expiration date. Typically, it has just opened the floodgates and the water is even greater later. Google Meta、 Amazon and Tesla will have zero repurchase amounts in the first half of 2026, with huge AI capital expenditures squeezing out repurchases.