Stock buybacks have been a popular policy that boosts value for existing shareholders without distributing dividends. However, those same stock buybacks are now on the sidelines thanks to parabolic AI spending. A research note from Goldman Sachs Analyst Ben Snider and colleagues recently outlined how companies are trimming their stock buybacks and using the extra funds for AI investments. "The 2Q earnings season reaffirmed the ongoing corporate focus on AI investment spending, which appears to be crowdin ...