Saturday, 31 October, 2026
AI Overhaul: Big Tech Drains Cash Reserves to Fund the Infrastructure Race
By TechShots Studio
Despite generating a record $542.9 billion in operating cash flow, top tech giants—including Microsoft, Alphabet, Amazon, Meta, and Oracle—returned just 9.3% of it to shareholders, a 15-year low. Fueled by massive investments in AI chips and data centers, capital expenditures doubled to $556.9 billion, outpacing operating cash flow and forcing companies to slash share buybacks by 83% to prioritize AI infrastructure.