How the AI boom is revolutionizing US stock markets, as hyperscalers cut buybacks and boost capex, including Alphabet's planned ~$85B in equity offerings for AI (Robert Armstrong/Financial Times)

Jun 13, 2026 - 23:23
Updated: 2 hours ago
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Chart showing hyperscalers cutting buybacks to fund AI spending, highlighting Alphabet's $85 billion equity offering.

Robert Armstrong / Financial Times:
How the AI boom is revolutionizing US stock markets, as hyperscalers cut buybacks and boost capex, including Alphabet's planned ~$85B in equity offerings for AI  —  Big Tech no longer prints money; it needs it.  What will that mean when confidence dips?  Artificial intelligence will change …

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Christopher Holloway

Christopher Holloway is the founder and director of Progressive Robot, a UK-based technology company. A full-stack engineer with more than two decades of experience, he works across PHP development, ecommerce, Linux infrastructure, technical SEO and AI automation, and writes here on technology, AI, hardware and software.

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