Good evening, this is Markets Desk with the stories moving markets right now.
Apple has announced its largest-ever stock buyback program under Tim Cook, bringing total repurchases to eight hundred seventy seven billion dollars. Buybacks of this scale reduce the share count, concentrate earnings per share, and signal that management views the stock as undervalued — a powerful message to long-term holders in any rate environment.
Shifting to semiconductors, Nvidia is notifying its biggest customers that AI server prices are climbing more than fifteen percent, with the hikes hitting systems containing its flagship Vera Rubin and Grace Blackwell chips when they ship early next year. Memory chip costs are the primary driver, and this will squeeze the margins of hyperscalers and enterprise buyers who have been racing to build out AI infrastructure at scale.
And in Washington, the United States has implemented fifty percent tariffs on Canadian goods after negotiations collapsed late Friday. The breakdown represents a significant escalation in trade tensions with America's largest trading partner, raising immediate concerns about supply chain costs across manufacturing, energy, and agriculture — sectors that were already navigating a complicated macro backdrop.
That's the tape. Markets Desk, signing off the floor.
