Microsoft is the last Big Tech buyback holdout as AI spending eats cash
FROM THE WIRE · FINANCE.YAHOO.COM
Big Tech's era of mega buybacks is giving way to an era of mega artificial intelligence spending, as companies put their cash into data centers and technology buildout. Buybacks Fall to Lowest Level Since 2017 Combined share repurchases by Alphabet Inc.(NASDAQ:GOOGL)…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralLower Big Tech buybacks suggest AI spending is absorbing cash that once supported share prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Combined buybacks of five big tech firms fell to $4.4 billion in the September quarter.
- 02That is the lowest since 2017 and about 90% below the late 2021 peak.
- 03The commentator says AI spending is coming at the expense of buybacks.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alphabet Inc.288.93 USDMarket closedtoday +3.18%Neutral Amazon.com, Inc.266.03 USDMarket closedtoday +6.12%Neutral Microsoft Corporation555.80 USDMarket closedtoday +6.68%Neutral Meta Platforms, Inc.630.00 USDMarket closedtoday +1.44%Neutral Oracle Corporation123.77 USDMarket closedtoday -1.92%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets