AI darling Nvidia, too, is spending heavily on its shares despite the share price jumping 171% this year. Nvidia dropped $12.7 billion on its stock in the third quarter, up 176% from the same year-ago period. Nvidia has become a "do no wrong" stock this year with an RS Rating of 94 and Composite Rating of 96. Analysts think its profit will rise 127% in 2025 and 50% in 2026. To be sure, many of these companies are buying shares simply to soak up the shares being created to award employees stock. It's also important to point out that companies, historically, aren't the best market timers and tend to buy shares at the wrong times. It's still noteworthy, though, that as others worry about valuations, these companies are loading the boat.
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