The AI race is becoming so expensive that it’s snuffing out one of the key forces that has helped keep Big Tech stocks soaring. Read on

Big Tech hyperscalers are projected to spend $755 billion on AI in 2026, slashing share buybacks to just 20% of capital allocation, down from a 34% average.

The soaring cost of building and continually replacing AI infrastructure could become a major financial challenge for Big Tech, even if demand for artificial intelligence remains…