Reported 1 day ago
Goldman Sachs reports that the significant investments by the 'Magnificent Seven' tech giants, including Nvidia and Microsoft, in AI data centers are leading to a slowdown in S&P 500 share buybacks. Despite companies typically increasing their buyback activity, the focus on AI has resulted in no year-over-year growth in buybacks for these major firms, which account for a large portion of the total buyback spending within the index.
Source: YAHOO