Big Tech

Big Tech’s AI borrowing spree drives up credit risk for unrelated blue-chip firms

The multi-billion-dollar borrowing spree by America's largest technology companies to fund artificial intelligence infrastructure is creating unintended consequences across global credit markets, driving up risk metrics for blue-chip firms that have no connection to AI or data centers.

Big Tech’s AI spending tops $740B in 2026, up 77%

Amazon Amazon.com, Inc., Alphabet, Meta, and Microsoft are on track to spend a combined $740 billion or more on artificial intelligence infrastructure in 2026, roughly 77 percent above what the same four companies spent the prior year. The figure represents…

Big Tech’s AI buildout drives $1.46T in physical assets

The four largest U.S. technology companies spent a combined $170 billion on capital expenditures in the second quarter of 2026, a 72 percent increase from a year earlier, as the artificial intelligence infrastructure buildout enters a new phase defined not…

Big Tech spent $170B on AI in one quarter as cash flow turns negative

Amazon Amazon.com, Inc., Google Alphabet Inc., Meta, and Microsoft are projected to collectively invest $1.5 trillion in data centers and AI infrastructure over 2026 and 2027, according to Wall Street estimates compiled by FactSet. The spending surge has prompted mounting…

Nvidia CDS hits record as $750B in AI deals stoke fears

The cost of insuring Nvidia debt against default surged by the most on record Monday, as investors recoiled from reports that the chipmaker is negotiating more than $750 billion in artificial intelligence infrastructure deals that critics say amount to circular…

Moody’s, Jefferies warn of credit risks in Big Tech’s AI debt binge

The credit risks lurking beneath the artificial intelligence infrastructure boom moved into sharper focus this week as both Moody's Ratings and Jefferies issued warnings about the mounting debt loads of America's largest technology companies.

Alphabet’s century bond loses 7% as hyperscaler debt fears grow

Alphabet's landmark 100-year sterling bond has lost more than 7% of its face value since its issuance in February, as a combination of geopolitical turmoil, rising yields, and growing doubts about Big Tech's debt-fueled AI spending weigh on the instrument.

Big Tech’s AI spending set to exceed cash flow by 2027

The five largest U.S. technology companies investing in artificial intelligence infrastructure are on pace to spend more on capital expenditures than they generate in free cash flow by 2027, according to a Reuters analysis published on Tuesday that underscores the…

Big Tech’s hidden AI debt hits $1.65T, Nikkei finds

Off-balance-sheet obligations at the five largest US cloud computing companies have swelled eightfold in four years to an estimated $1.65 trillion, driven by opaque financing arrangements for artificial intelligence infrastructure, according to a new analysis published Monday by the Nikkei…

EU set to weaken data centre climate rules after Big Tech lobbying

The European Union is preparing to soften proposed climate regulations for data centres, allowing operators to use a broader range of energy certificates — including those tied to nuclear power — to offset emissions from gas-powered facilities, according to the…