Companies are spending so much on AI they’re cutting share buybacks, Goldman Sachs says
via fortune.com
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Goldman Sachs says surging investment in AI among the S&P 500 companies are diverting funds from stock buybacks, halting their usual yearly growth. Companies spent $550 billion on buybacks in early 2025 but that flatlined in Q2 as AI-driven capex jumped 24%. One unexpected side effect of the Magnificent 7’s race to build massive AI […]