BREAKING
AI Spending Squeezes Stock Buybacks
0
B
Q4 2025 buybacks
0
%
vs 2021 peak
0
%
Q1 2026 expected
Buybacks Slide From 2021 Peak
2021 peak
48
Q4 2025
12.6
0
B
2026 capex
0
%
capex growth
0
%
of operating cash flow
Payout Share Falls to 20%
2017-22 avg
34
Q1 2026
20
Returns vs Capex: Investors' Big Question
AI NEWS BLITZ
Big Tech's soaring AI spending is eating into the stock buybacks that long lifted shares.