Big Tech’s AI Spending Spree Is Making Stock Buybacks Disappear
The artificial-intelligence race is becoming so expensive that it’s snuffing out one of the key forces that has helped keep Big Tech stocks soaring for years: steady share buybacks.
By Jeran Wittenstein · Bloomberg Markets
The artificial-intelligence race is becoming so expensive that it’s snuffing out one of the key forces that has helped keep Big Tech stocks soaring for years: steady share buybacks.