Buybacks. The other (and more efficient) method to return capital to shareholders is via buybacks, where the company literally hands you cash in exchange for your shares.
That is true though again, not every company does buybacks.
Re:Nvidia is now worth more than Intel
by saddlerustle on Thursday July 09, 2020 @09:41AM
(#23780043)
A company might not do a dividends or buybacks now, but if they are successful they are likely to do so eventually, and that expectancy is worth something just the same.
Sure they need some cashflow (after all, nobody wants to buy a bankrupt company) but to believe the stock value is a straightforward formula based on cashflows isn’t how the market works. Otherwise Amazon would have plummeted in price long ago.