Global stock buyback announcements hit record $533 billion in April-May

Global stock buyback announcements totaled a record $533 billion in April and May, JPMorgan analysts said. Technology companies accounted for most of the increase, even as investors remained concerned about the scale of artificial intelligence-related capital spending. According to the report, recent quarters showed cash-flow growth rising faster than capital spending, widening financing surpluses and supporting stronger share repurchase activity.

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