In finance, capital is money that has been put to work — the cash shareholders have invested in a business, or the cash that business hands back to them.
「资本」
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance 「资本」 · 第 4 张术语卡 | Huang says Nvidia’s cash lets it both invest in technology and “return capital to shareholders”. The buyback is that second half. 一家公司赚到的现金只有两条路：留下来再投资（资本支出 / 研发 / 并购），或者还给股东（分红 + 回购）。判断管理层处在哪个阶段，看两者的比例：高增长公司通常全留下、甚至举债投资；成熟公司才开始大额返还。英伟达同时给出「2028 财年营收增长约 70%」和「1500 亿美元回购」，等于宣称自己两件事都能做 —— 这正是分析师争论的焦点。 |