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Big Tech’s AI Spending Spree Is Making Stock Buybacks Disappear

Big Tech’s AI Spending Spree Is Making Stock Buybacks Disappear
Bloomberg Markets Thursday 18 June 2026, 11:00 UTC By Jeran Wittenstein 1 min read
Key Points

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. Of the four biggest AI spenders — Alphabet Inc., Microsoft Corp., Meta Platforms Inc. and Amazon.com Inc. — only Microsoft bought back shares in the first quarter. And its $3.4 billion in repurchases was the lowest total among the group in nearly a...

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. Of the four biggest AI spenders — Alphabet Inc., Microsoft Corp., Meta Platforms Inc. and Amazon.com Inc. — only Microsoft bought back shares in the first quarter. And its $3.4 billion in repurchases was the lowest total among the group in nearly a decade, according to data compiled by Bloomberg.
Big Tech’s (ORG) Big Tech (ORG) Alphabet Inc. (ORG) Microsoft Corp. (ORG) Meta Platforms Inc. (ORG) Amazon.com Inc. (ORG) Microsoft (ORG) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →

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