Big Tech Stock Buybacks Vanish as AI Spending Spree Eats up Cash

Business Insider (Spain)

Factuality

Ownership

For years, stock buybacks were one of the most reliable levers of the major technology to sustain their quotes. Mechanics is simple, because by reducing the number of securities in circulation, companies raise the profit per share and, with it, the price of value. Investors know it and discount it. Now, however, that lever is disappearing, devoured by the cost of the race for artificial intelligence.Of the four major investors in AI, only Micros…