Today’s Top Stories: Samsung $80 Billion Buyback, Coinbase Rally and Nvidia Earnings Preview

TLDR

• Samsung plans up to $80 billion in shareholder returns through dividends and buybacks
• Ross Stores jumps nearly 9% after raising full-year earnings guidance
• Coinbase rallies as Bitcoin climbs to its strongest level since late May
• UBS raises its S&P 500 year-end target to 8,100
• Nvidia’s August 26 earnings report is shaping up as the market’s biggest near-term test

Samsung Plans Up to $80 Billion in Shareholder Returns

Samsung Electronics moved higher after announcing plans to return as much as 110 trillion won, roughly $79.5 billion, to shareholders in 2026 through dividends and share buybacks.

The move comes as Samsung benefits from improving conditions in the memory-chip market and rising demand tied to artificial intelligence.

AI data centers require large amounts of advanced memory, particularly high-bandwidth memory used alongside powerful GPUs. That demand has helped lift pricing and profitability across the memory industry.

The shareholder-return plan points to confidence that Samsung’s chip business recovery can produce strong cash flow going forward.

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