After a quick look, they did it mostly before it was signed into law. There was another act that was a precursor of the one that passed, and from 2020 - 2022 (when the act was signed/passed) they did ~$18 billion in buybacks. So they just knew it was coming I guess.
Didn’t they do massive stock buybacks like as soon as the Chips Act was signed?
lol I think so
After a quick look, they did it mostly before it was signed into law. There was another act that was a precursor of the one that passed, and from 2020 - 2022 (when the act was signed/passed) they did ~$18 billion in buybacks. So they just knew it was coming I guess.
That’s not surprising at all given how tight the government and the industry is.