AIThe Motley Foolabout 8 hours ago
AI Data Centers Drain Stock Buyback Boom
1 min read
The AI data center build-out is cannibalizing the $1 trillion stock buyback catalyst that powered the Trump bull market. S&P 500 buybacks reached $249.0 billion in Q3 2025, up 6.2% from Q2 and 9.9% year over year. The Tax Cuts and Jobs Act slashed the corporate tax rate to 21%, fueling record buybacks. AI infrastructure spending now competes directly with those share repurchase programs.
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