In a single quarter, Nvidia returned $26 billion to its shareholders — more than it generated in free cash flow — a gesture that speaks less to present abundance than to a board's conviction about the years ahead. The company's capital-light model, which turns $96 billion in revenue into $59 billion in net income while spending only $2.7 billion on physical infrastructure, has created a surplus so vast it must be actively redistributed. When a company multiplies its dividend twenty-five-fold and authorizes $80 billion in open-ended buybacks, it is not merely rewarding investors — it is making