The race among the “Magnificent Seven” tech giants to construct large AI data centers is having an unforeseen effect on share buybacks, a recent Goldman Sachs report reveals.AI Data Center Push Slows S&P 500 Buybacks In 2025The Magnificent Seven — Nvidia NVDA, Microsoft MSFT, Apple AAPL, Alphabet GOOGL, Amazon AMZN, Meta FB, and Tesla TSLA also known as “hyperscalers,” have diverted significant funds towards building AI data centers, leading to a slowdown in share buybacks. Companies usually boost their buy ...