Apple Announces $100 Billion Share Repurchase Authorization Amid AI Spending Shift
Tech giant Apple announced a $100 billion share repurchase authorization and raised its dividend by 4%, contrasting with rivals like Amazon, Alphabet, and Meta who are investing heavily in AI infrastructure. While Apple's capital expenditures remain low compared to industry peers, it continues integrating AI into products through partnerships and chip development.
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Topics: AI spending strategy Apple dividend increase share buybacks