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via finance.yahoo.comMarkets

Big Tech buybacks drop 90% as hyperscalers spend heavily on AI

FROM THE WIRE · FINANCE.YAHOO.COM

The bottom-line-padding, stock-price-fueling stock buyback from hyperscalers may now be on pause as they spend aggressively on AI infrastructure. Combined buybacks for Alphabet (GOOGL), Amazon (AMZN), Meta (META), Microsoft (MSFT) and Oracle (ORCL) — aka the country's main AI…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralLower buybacks reduce a support for share prices and signal that AI spending is absorbing cash flow.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Combined buybacks of Alphabet, Amazon, Meta, Microsoft and Oracle fell to $4.4 billion in the third quarter.
  2. 02This is the lowest amount since the third quarter of 2017, according to the Kobeissi Letter.
  3. 03Versus the $45.9 billion peak in the fourth quarter of 2021, the decline is 90%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alphabet Inc.GOOGLStock283.45 USD-0.87%today -1.90%Neutral Amazon.com, Inc.AMZNStock259.33 USD-0.92%today -2.52%Neutral Meta Platforms, Inc.METAStock601.30 USD-0.95%today -4.56%Neutral Microsoft CorporationMSFTStock537.02 USD-0.94%today -3.38%Neutral Oracle CorporationORCLStock114.92 USD-0.06%today -7.12%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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