Tech giants are sacrificing share buybacks to invest capital into AI:
The total amount spent on share buybacks by Amazon (AMZN), Alphabet (GOOGL), Microsoft (MSFT), Meta (META), and Oracle (ORCL) has plummeted to $12.6 billion in Q4 2025, the lowest since Q1 2018.
Share buybacks have decreased by -74% from the peak of approximately $48 billion in 2021.
Amazon has not repurchased any shares since Q2 2022, redirecting capital into AI infrastructure.
Meta reduced its share buybacks to $3.3 billion in Q3 and Q4 2025, down from $33.5 billion in 2021.
Meanwhile, Alphabet cut its share buybacks to $1
View Original