🟢 SONY is trading 3.2% up today after boosting share buyback program to $1.6B

SONY is trading at $23.31 (+3.2%) in pre-market after expanding its share buyback program to 250 billion yen ($1.6B) to enhance capital efficiency.

• The company increased the buyback from 150 billion yen, targeting the repurchase of up to 90 million shares by May.
• The move reflects a broader investor rotation from semiconductor stocks into the gaming sector following recent Nvidia earnings.
• Analysts highlight that Sony is outperforming industry peers as market sentiment shifts toward high-efficiency gaming stocks.