Where Data Tells the Story
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Big Tech is still seriously bullish on AI.
And with good reason: every time Microsoft, Meta, Amazon, or Google announces that they’re going to spend an extra $10 billion or $20 billion on data centers or AI talent, their stock prices tend to go up as investors reward their ambition.
So far, Apple has been more deliberate about its spending (gold gifts for President Trump notwithstanding), eschewing the all-in approach on AI that its peers have been exhibiting.
But there’s one thing Apple is more than happy to spend money on: its own shares.
Indeed, per data from Birinyi Associates cited by The Wall Street Journal, US public companies have already announced $984 billion worth of stock buybacks this year — a figure that could rise to a record $1.1 trillion by the end of the year.
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