The plan was approved on Thursday as US companies announced $665 billion of S&P 500 buybacks through April, the highest ever for the start of a year.
The repurchase is intended to reassure investors as Apple undergoes a leadership transition and adds support to a rally in US equities.
Record buybacks highlight corporate America as a major source of stock demand, even as investors question whether the recent surge in US markets can continue.
Are record share buybacks a sign of corporate confidence or a risky bet against future growth?
As tech giants split on buybacks versus AI spending, which path will create more long-term value?